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Sale of old commercial property


17 July 2024 Dear Sir/Ma'am,
My query is that my client made a commercial complex 20 years back and there was only one shop that was in stock and he sold this shop in 2023-24, now the difference in price is huge so is he bound to pay tax @33% on the difference amount or some indexation benefit is allowed in this case. The assessee is a firm

Thanks and Regards



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