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I just sold my flat for 40 lakhs, a 7yrs old flat.. Please let me know about complete - Income tax formalities?

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  • I just sold my flat for 40 lakhs, a 7yrs old flat.. Please let me know about complete - Income tax formalities?


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Answer #1 | 16/12 2013 08:35
you will have to show it in your ITR...stamp valuation officer will value yur property u/s 50C..also your cost of acquisition will be indexed...

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