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Timber sale

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(Querist)
18 November 2012 Dear all, A person purchase a forest of alive
trees,all the trees are of 15 to 50 years of age and in full strength, he has to cut and sold out the all trees, then what should be tax liability of capital gain and how much , please guide me
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Gayathri Devi

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Gayathri Devi (Expert)
18 November 2012 Yes it is taxable.
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