Exemption under Capital Gain Tax

Nagesh Swami (Querist) 22 May 2015 This query is : Resolved
R\Sir,
My friend F.Y. 2010-2011 ,i.e.Feb 2011 Purchased One Commercial Property in Rs.1 crore 12 Lakh.
Now he is wish to sellout this property, some offer also coming for him.now that deal will be finalize near abt. 1 crore , 80 Lakh.
now we well known Capital Gain Tax charged @ 20 %. But what are the exemption and deduction are available for him for Tax savings purpose.

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T. Kalaiselvan, Advocate (Expert) 26 May 2015
An auditor or a local tax consultant will be able to guide you properly in this aspect or post this query in CA club.

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