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tax by selling an old land

Posted on: 22nd Jan, 2011 09:47 pm
if I sell my land [father gifted on 1959 -divided on 1984] by price of 38 thousad ---how tax i have to be paid
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
Posted on: 23rd Jan, 2011 06:19 pm
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