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Bevin M   11 September 2015

Ltcg on sale of ancestral property

I and my 3 sisters sold our ancestral property for Rs 1.1 Crore wherein I received my share as 25 Lacs and have to pay LTCG. Please let me know whether this amount I received can be shown as the full value of Consideration in My ITR-2 received under Sec 50C For LTCG? The Stamp duty valuation is 1.1 Cr. My share is 25 Lacs.  I plan to Put Rs 25 Lacs in Bonds (REC) Where do I have to show this in My ITR-2. Bevin 



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