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All You Need To Know About Tax Paid on the Sale Of Property
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Frequently Asked Questions
1. Is TDS calculated on the total transaction value or over 50 lakhs?
Ans: TDS gets calculated on the total transaction value, which applies when the transaction exceeds 50 lakhs.
2. If I can't invest my capital gains immediately, can I save tax using CGAS?
Ans: Yes, you can park your gains in a public sector bank under CGAS, but you must invest in another property within three years.
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