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Dear Mihir Sir, Good after noon. I have a question for LTCG. Sir I acquired a residential plot in March 2018 for Rs. 20,00,000 and spent immediately Rs. 3,50,000 on foundation and boundary fencing. The property was held for almost 4.5 years and I sold it in December 2022 for Rs. 30,00,000. I spent the whole amount in constructing a new house. I had only one house property where I spent the whole amount. Am I liable to pay any LTCG for AY 2023-24? If yes, please tell how much am I liable to pay? Thanks.

Dear Mihir Sir, I am a salaried person and file ITR every year. There was property in the name of my wife purchased in March 2018 and sold in August 2022 (FY 2022-23). The purchased value was Rs. 19,50,000 and the sale price being Rs. 32,50,000. Since she is a housewife and does not file any ITR. Sir I am to know that is she liable to pay any LTCG by filing an ITR this Assessment Year 2023-24 or any other way to show this income? Further, the gain on sale of this property has been totally used for my present house property (House- repair and renovation). Please guide me accordingly.

Hai Preetam sir, My son is studying in 4th semester of B. Tech (CSE) from University of Petroleum and Energy Studies, Dehradun (Uttarakhand). Please tell me the record of placement of this university and the companies where he can get placed with an average package.

Sir, my present Gross salary is Rs. 81,205 per month. I want to know the tax liability for financial year 2023-24 as per old tax regime and new tax resume. Am I entitled to get a standard deduction in both the regime?