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Tax on Long term capital
by Anjana Krishnan on Dec 02, 2013 04:04 PM   Permalink

Have a flat that i purchased for 41 lakhs in 2007 and selling it at 83 lakhs. But the stamp value is around 97lakhs as per the new guidance value. So the buyer is getting it registered at 97 lakhs but Iam actually getting only 83 lakhs. Whats my tax implication and do i get exempt from tax as I am deciding to reinvest. Please advice

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