CAPITAL GAINS TAX

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  1. TR NAATH

    TR NAATH New Member

    My aunt aged 72 yrs had purchased a plot of land in 1996 for Rs 1,00,000.00 She sold this plot of land recntly in Feb 2016 for Rs 92,50,000/- During the 20 yrs she had held the land she spent a sum of Rs 1,68,000 towards improvement on the land (like fencing, cleaning up the bushes using JCB, land filling etc.,) She paid a brokerage commission of Rs 1,00,000 for sale of the land and also spent about 65,000 for subdivision of the land.

    Pls advice how much is the Capital Gains Tax. How much can be deposited in Tax saving bonds and which are the tax saving bonds currently available.

    Regards

    TR Naath
     
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