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taxability on sale of capital asset less than circle rate
sir what will be taxability on me if my capital asset are sold less than circle rate in auction
Replies (2)
Sale consideration will be the Market price of such capital asset as on the date of sale and reduce Cost of aquisition of such asset(do indexation if Allowed) you will get Capital gain on that pay tax
if it's a Govt Auction or by bank or any statutory body then Auction rate is valid
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