Which sections of Income Tax Act deal with sale of land and LTCG/STCG arising out of sale of land?
2 Replies
Mihir
(Wealth Manager)
(5293 Points)
Replied 22 February 2014
You may refer to section 45 and 54F of IT Act.
NAGARAJU KONDURU
(PROPRIETOR)
(35 Points)
Replied 23 February 2014
20/ on taxable gain see (sale consideration recrived - commission-iindexed cost of acquisation- indexd cost of improvement- deductions u/s 54:::: taxable gain) is a ltcd on land
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