How much LTCG tax payable.

Situation : I have an enquiry and request you to clarify. I had purchased two Flats (A,B )both registered before 4 years at different locations in Joint names as follows: 1. Self retired senior citizen no taxable income. 2. Wife housekeeping no taxable income. 3. Son salary taxable income 20% bracket. Because of personal reasons, flat A deemed rented is sold during FY 2017-18 after 4 years AND now I want to sell flat B self occupied before March 2018. Whether both flats are considered as LTCG or not. Profit on both flat is estimated around 9 lacs, I want to know our individual LTCG tax liability for both flats payable @ 20% with indexation or without indexation. Hope you will help at your earliest. Thanking you
Related Topics : Property Law
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Advocate Justice Kishan Dutt Kalaskar

For More Details Contact On +91 7769012300.

Please Consult Experienced Tax consultant.

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