Taxation

yagnesh dave (Querist) 11 March 2016 This query is : Resolved
NA PLOT ANCESTATAR PROPERTY SOLD FOR ACTUAL VALUE 95 LAC AND MARKET VALUE IS 3 CORE IN WHICH PER LEGAL HEIR GOT 10 LAC EACH THEY INVESTED 8LAC IN AGRICULTURE LAND EACH WILL THEY GET EXEMPETION FROM CAPITAL GIAN TAX OF 8 LAC AND ON DIFFERENCE THAT IS RS 2LAC THEY HAVE TO PAY CAPITAL GAIN TAX OR THEY WILL NOT GET EXEMPTION OF INVESTED IN AGRICULTURE LAND AND THEY HAVETO PAY CAPITAL GIAN TAX ON FULL 10 LAC AMT RECVD AND WHAT WILL BE THE EFFECT ON ACTUAL VALUE LESS THEN MARKET VALUE WILL THE DIFFERENCE WILL ALSO BE ADDED FROM INCOME FROM OTHER SOURECES PL EXPLAIN

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