MY CLIENT PURCHASED A NON-AGRICULTURAL LAND IN 2011 FOR RS 30 LACK. HE SOLD IT IN 2016 FOR RS 55 LAC§
WHICH CAPITAL GAIN WILL BE APPLICABLE IN THIS CASE AND WHETHER IT WILL BE SHOWN IN INCOME TAX?
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QUERY REGARDING CAPITAL GAINS
Replies (1)
Long term capital gain of about 14 lakhs. Yes, tax liability arises.
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