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Land sold for 243x its original value - What's my LTCG and tax liability?

T S Khurana

T S Khurana   |490 Answers  |Ask -

Tax Expert - Answered on Feb 19, 2025

A certified management accountant since 1993, T S Khurana is a fellow member of The Institute of Cost Accountants of India. His areas of expertise are income tax, specifically litigation cases, and GST.

Since the last 21 years, he has also been providing expert advice on financial matters, including investments and diversification of funds, and wealth building in the long term to his clients.
He believes that investment in real estate is the safest way for better returns and wealth generation over a period of time.

A former chairman of the Chandigarh Chapter of Institute of Cost Accountants of India, T S Khurana has also served as member of its technical committee.... more
Asked by Anonymous - Feb 18, 2025Hindi
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I got ancestral property registered in 2000 with a document value of rupees 5000.00. In 2025 , this land property is sold with document value for rupees 12,15,000.00. What will be Long time capital gain and LTCG tax. What amount I should invest in 54CE bonds for exemption of LTCG tax. Thanks

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Most welcome for any further clarifications. Thanks.
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