Which sections of Income Tax Act deal with sale of land and LTCG/STCG arising out of sale of land?
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Ltcg on sale of land
Replies (2)
You may refer to section 45 and 54F of IT Act.
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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