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if I sell my land [father gifted on 1959 -divided on 1984] by price of 38 thousad ---how tax i have to be paid

jameshogg · Posted: Sun Jan 23, 2011 7:19 pm Post subject:

Hi nirmal,

If you sell off the land and incur profit, then you will be liable for paying capital gains taxes on that amount. You should contact a tax adviser and he will be able to help you in a better manner.

Thanks

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tax by selling an old land

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