Tax on Capital gain

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2 Points Posted on 07 August 2019
If a Super Senior Citizen has only Income from the sale of land and the net capital gain is 4 lakh, whether he has to pay tax??!
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On 07 August 2019 at 18:06 Report
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119 Points Posted on 07 August 2019

Yes there is no exemption to senior citizen.
Tax will be flat 20% on capital gain

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On 07 August 2019 at 18:12
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17269 Points Posted on 07 August 2019
No tax payable
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On 07 August 2019 at 18:12

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