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Capital gain on inhrited property

This query is : Resolved 

14 September 2016 My Client has received a Property in 1987 after Death of his Father, His Share was 1/7th, Now he is developimg his Part in Small Plot and Gradually Sell the Plot, Whether he is liable for Capital Gain

14 September 2016 Yes liable at the time of selling it after indexation. Cost of improvement can be deducted



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