capital gain on parental property

sobhit (Querist) 16 November 2015 This query is : Resolved
Sir
My father has a parental house . After my grand father death. It came in the name of my chcha and my father.now we selling it. So what will be the capital gain or tax on the money . Is this can be free from tax . How to do it all options plz help.

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Suhail A.Siddiqui (Expert) 16 November 2015
1981 value will be taken for capital gain purpose. This transaction is liable for capital gain taxable.
Consult Adviser in your city, there is things also there.

Rajendra K Goyal (Expert) 17 November 2015
Discuss with the local tax consultant.

Anirudh (Expert) 17 November 2015
How many times you will repeat the same question?

What is the purpose?

ABHIMANYU JHAMBA (Expert) 04 December 2015
Sobhit pls list out all facts with dates

Abhimanyu Jhamba
9218999999

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