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Income Tax On Long Term Capital Gain
06-Jan-2023 (In Tax Law)
I am 73years old receiving pension from central govt department. I am filing I.T returns for the pension received beyond permissible limit. I am having a housing plot of 1 ground which I have decided to sell for Rs. 15 lakh. The plot is of 40years old. Kindly clarify whether I have to pay capital gain tax.
All property sales applicable capital gain tax, whether you are liable tax or not will come to when calculating the workings along with your other income tax pension income, hence send detail report to calculate the tax liability
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Adv. Sundaravadivelu
Chennai | 25+ Answers
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