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RE:Capital gains on land.
by Amitabh on May 19, 2007 08:55 AM

If all this has happend in the last three years,it will be treated as short term capital gain and sale proceeds of right less the cost of acuisition will be treated as your income and taxed at the normal rates applicable to any individual.

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The above message is part of the Discussion Board:
All these incomes are tax-free