If LTCG from Sale of House Property is Taxed @ 10% or 20% or CII were have to be considered or not?
Plz also forward the breif of relief procedure for Tax on LTCG.
Plz help its urgent.
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Chargebility of LTCG on sale of House Property
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LTCG on sale of residential house property is taxable @ 20%. for more information on this refer to Sec.54 + Sec. 112, of income tax act.
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