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.
1 Answers
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.
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