Capital Gains

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Dr
29 Points Posted on 13 December 2009

I Have inherited a land of 500 sq yds from my father in 1963

I have now given it for development and obtained 4 flats out of which i retained two flats and sold two flats for 30 lakhs.The land valued in 1991 was 7 lakhs

how much of capital gains tax should I pay?

for capital gains should I considerthe entitre land araea or only the area which I sold?

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On 13 December 2009 at 07:14 Report
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ACCOUNTS MANAGER
36 Points Posted on 13 December 2009

Sir, I want to know whether UDS (Undevided Share) in your sale agrremnt, while sale of 2 flats

 

With Regards

M. MURAGAIAH

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On 13 December 2009 at 11:24
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Dr
29 Points Posted on 13 December 2009
UDS is around 20% Also I have constructed my house in 1971 and am living there since till it was given for development.An existing house was demolished and a residential complex was constructed in which I acquired 4 flats out of which I sold two immediately.how tocalculate CGT? Regards asrao
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On 13 December 2009 at 14:05
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Dr
29 Points Posted on 14 December 2009

Re UDS of 2 flats

  It is 45% 

sorry the previous reply was wrong

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On 14 December 2009 at 22:10
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no
25 Points Posted on 02 September 2010

is there any chages in motor car facility rates

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On 02 September 2010 at 15:38

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