Civil Procedure Code (CPC)

Impact and quantum of capital gains tax

My maternal grandfather had left behind a few shops in a remote village. This he must have purchased in the mid 1960s. Now his two sons (my deceased mother's brothers) wants to sell off the same. The agreed sale price is Rs. 27 lac to be divided into three parts, Rs. 9 lac each. Will this attract Capital Gains? If so how much would that be?


B.Sc., M B A( Hr), B L

Yes, it attract capital gain tax. we cannot say extract amount before document produced




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