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Capital gain

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suppose I purchase a house Rs.24 lacs and sold it 26 lacs,is it diffrence is taxable?
Replies (3)

yes , Taxable  as capital  Gain , However  to find out  Short term  or  Long  term capital  Gain ,  you  have   mention  date of purchase  and   sale  because  different  Tax rates  for short  or long  term  gain , its  commercial  or  Residential  . pleas reply 

Capital asset transfer.
sold at a gain.
capital gain
Yes any gain that arise out of sale of Capital asset are taxable under the head Capital Gain.
If it is long term then you get the benefit lf indexation .


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