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capital gain
If a person receiving his/her share from sale of ancestral house property sold by his/her parents, then how it will be taxed, whether there is any relief to him/her by investing share in any scheme u/s 54 of IT act?
Replies (1)
cost and sale proceeds are divided between all co-owners of property as per there individual share
and benefir of section 54, 54EC can be availed
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