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Calculation of 194la

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(Querist)
16 January 2012 Sir, one salaried person has received the payment u/s 194LA. Pls. tell me the methodof calculation for filling the return .
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Ravikant

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Ravikant (Expert)
16 January 2012 Calculate Long term capital gains u/s 45 (5)
by deducting Indexed Cost of Acquisition from the Deemed Sale Consideration.
Take Credit of TDS in your Tax return, ITR 2 to be used for Filing.

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