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    hemanthnr's Avatar
    hemanthnr Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 9, 2009, 12:01 AM
    Capital gain tax on herited property
    Dear sir, I have inherited my late fathers property in 2002, now I want to sell it at rs 50 laks, according to the papers and documnts my late father bought this property in 1960 for rs 30 thousand, now I want to deposit this amount of rs 50 lakhs in the bank , please tell me what's my capital gain tax liability
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Sep 9, 2009, 01:12 AM

    This forum is about the U.S. taxes.
    For India taxes, you can post at mytaxes - Index
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