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Sell of ancestral property

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06 June 2019 If an assesses sold a ancestral property and the gain arise from is distributed among the inherited , in that case is gain from sale of land is taxable or not.

and cost of indexation is required or not if yes, then how to calculate it.
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Amol S Joglekar

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Amol S Joglekar (Expert)
06 June 2019 gain is taxable.
you can replace the cost of the property as on 01/04/2001

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