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View Full Version : Hi.. I want to know about Income tax on long term capital gain from residential land (sold aftr 3yrs of hold)?

Pana
10-29-2007, 03:56 AM
Please help
am asking about Income tax -India
it is sold and not invested ant where else. bought at price 1 lack sold at 5 lacs after 5 yrs (i want to know the rate of tax is 10% or 20%)
Les M
10-29-2007, 04:00 AM
Many factors of possible variance in answer here. Was anything else purchased? At what price? Were any losses of similar investment incurred? C'mon man. Please help.