long term capital gain

thanks for your reply sir! but as you say that long term capital tax will be calculated on govt valuation then the tax amount will be very high and unaffordable. i have also bought a residential flat for rs. 60 lakh six mounths back will it help.

asked Jul 13 '11 at 16:45 by rajesh p 623

Yes, tax amount will be very high for government valuation, but this is applicable.

If you have already purchased a residential flat six months back, than you can get exemption exemption under section 54F.

answered Jul 13 '11 at 16:49 by pankaj 5.2k320


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Asked: Jul 13 '11 at 16:45

Seen: 764 times

Last updated: Jul 13 '11 at 16:50