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A sold his only house property occupied by him as a residential house for Rs.15,00 000 in December 2008. The house property was purchased by him in the month of January 1984 for a consideration of Rs.10,00,000. Determine the capital gain.

1. Facts of the Case 2. Issues in the Case 3. Legal Principles Covered A. Section 2(29A) & 2(42A) – Definition of Long-Term Capital Asset […]

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