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what is Tax for long term capital gain ?
when we sale our property ,we deposite cash to bank account ,then what is the tax we should pay ?
Replies (7)
it will be calculated on the capital gain
if i purchased property for 50,000 ,20 years ago and now im selling this for 60 lakh ..then how much tax sir ?
you have to calculate the indexed cost of acquisition and also if you have some some work on it which this will also be deducted from sales consideration rcvd
thank you sir ...on returns can we submit sale deed ?
return means income tax return to be filled
i would like to add one more thing there will be a deduction of TDS @ 1&%
it is 1 %
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