I have purchased a plot from my earnings for Rs. 15,00,000. But after 4 Months i sold my ancestral property for Rs. 7,50,000. I would like to know wether i get any exemption on capital gain from sale of ancestral property?
1 Replies
CA Srujann kumar Reddy
(Asst Manager(Internal audit))
(1679 Points)
Replied 13 July 2016
is it an agricultural land and agriculture has been done inthe last 2 years
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