Monday, November 14, 2011

How capital gain from property calculated in india?

i sold a plot at about 6 lakhs which i bought at 25000rs nearly 30 years back. how tax will be calculated as a senior citizen will the tax exemption limit of 195000 will be deducted from capital gain amount OR it is deducted from tax calculated from capital gain. i have no other source of income but have a house.

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