Income tax clearance certificate trf of immovable property

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Dear All

 

A property of an assessee is to be offered for sale. What is the procedure to get Income Tax Clearance Certificate? Also it is depreciable Property namely factory, so, it goes for Short Term Capital Gains, however, do we have any exemptions available?

 

Regards

 

Prasad

Replies (1)

Please refer Sec. 50C of Income tax act,1961


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