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Capital Gain Tax Percentage
please tell me the total tax payable percentage for my property sale amount Rs.50,00,000
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If property was held for 2 or more years......... it will be taxed at 20% (+cess) as LTCG, otherwise short term gain will be taxed as per your slab.
But the gain is calculated as sale value minus (indexed) cost of aquisition and improvement, if any. (or total sale amount is not taxed !!!)
But, buyer will deduct 1% TDS u/s.194IA over sale value, if its 50L or more.
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