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Liability on senior citizens to pay capital gain tax of property
18-May-2023 (In Tax Law)
Do senior citizens need to pay capital gain tax on sale of property below 10 lacs?
Hi
Yes all of them have to pay capital gains tax, once if they sell the property, the Capital gain tax as to be calculated, keep all the ingredients like cost of the property purchased, index value, then present value of the property i.e., sale considerediation received.
Yes all of them have to pay capital gains tax, once if they sell the property, the Capital gain tax as to be calculated, keep all the ingredients like cost of the property purchased, index value, then present value of the property i.e., sale considerediation received.
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Adv. Nagendra Prasad
Bangalore | 100+ Answers
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