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Sanjeev

Sanjeev Govila  | Answer  |Ask -

Financial Planner - Answered on Feb 07, 2024

Colonel Sanjeev Govila (retd) is the founder of Hum Fauji Initiatives, a financial planning company dedicated to the armed forces personnel and their families.
He has over 12 years of experience in financial planning and is a SEBI certified registered investment advisor; he is also accredited with AMFI and IRDA.... more
Avion Question by Avion on Feb 07, 2024Hindi
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I sold a commercial property at Rs.1.1 crore in Jan 2024. My buying price in 2017 was 93.5 lakh. After applying indexation the current valu of the property is about 1.15 crore. Can you please let me know whether I'm liable to any LTCG tax?

Ans: No, you are not liable to any LTCG tax. You actually have a net long term loss.
DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.
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