sir one of uncle purchased land for RS. 200000 during 2006 later he built house for RS. 2500000 during 2008.
now during 2019 he sold the property for RS. 5350000 . please suggest me how much capital gains has to be paid as tax during this year. he had also tax deduted by purchaser for 5350000 @ 1%rate ie. RS 53500.(TDS amount) under sec 194/l
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Capital gains
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Better to consult a professional to find out some solution....
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