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Tax Liability on land/Bulding acquired of a trust( U/s 12A)

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(Querist)
25 September 2019 Tax Liability on land/Building (Land, agriculture land & Building) acquired of a trust(registered U/s 12A) by Maharashtra Samruddhi Mahamarg
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
25 September 2019 The sale proceeds has to be applied for buying land or building or deposited in bank deposits to claim tax benefits.

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