03 August 2016
SIR, AN INDIVIDUAL HAS SOLD HIS ANCESTRAL LAND FOR RS.60.00 LACS AND GIVEN ADVANCE OF RS. 100.00 LACS WITHIN SIX MONTHS FOR PURCHASE OF LAND ON WHICH HOUSE TO BE CONSTRUCTED IN NEAR FUTURE. SIR, WHAT WILL BE CAPITAL GAIN TREATMENT IN THIS CASE WITH REGARDS
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