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CG ON PROPERTY
Sir if a property sale in Dec,2017 and money kept in capital gain account scheme. But not purchase within 2 year or constructed with 3 year. Exemption sec 54 is not available but now fy 20-21 can take indexation benefit while filing the return ? What will be journal entry for this time to compute total income? In CG part of it 3 which column this has to be shown ?
Replies (5)
When the property was purchased??
Before 2000
Then indexation benefit will be available
Thank you sir
Your welcome
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