Capital Loss

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  1. Hello,
    Pls note that I had an very old ancestral property in Kolkata built in 1930's , we had sold in 2006 , since it was dilappaed (Very Old & in Broken condition ) with very old 50 tenants , sold at very low price of 6 Lacs. only.

    Market Value of that property (if clean ) will be 3 Crores .

    My question is , is it a Capital Loss or Gain ?

    Best Rgds,
    S K Roy Chaudhuri
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