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Bond007

@Bond007
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  • What are the tax implications after selling my property?
    B Bond007

    I need assistance for understanding the tax implications of selling my ancestral property in MP. My grandfather purchased a property in the 80s for 10 lakhs, which is inherited by me now, and we sold that for 1.5 cr. What is the estimated capital gains tax liability considering applicable indexation benefits in MP, and how is the figure calculated?

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