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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ we have a ancestrial property, nearly 60 years old. We are proposing to sell the same. and we might receive around 1 cr from the same. However we are 5 brothers and the received amount will be then equally shared amongst all.<br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount or can individual brother pay his own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate?]]></description>
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				<pubDate><![CDATA[Wed, 21 Jul 2010 14:39:48]]> GMT</pubDate>
				<author><![CDATA[ darshanss]]></author>
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				<title>Re:tax calculation for sale of ancestral property</title>
				<description><![CDATA[ Hi,<br /> <br /> i am sunithasharma<br /> <br /> sale proceeding attracts any long term capital gains? <br /> How much would be the tax for such deals? <br /> Is the tax to be paid on total received amount or can individual brother pay his own tax? <br /> What is the index value of such property? <br />  <img src="http://www.itrust.in/forum/images/smilies/c30b4198e0907b23b8246bdd52aa1c3c.gif" /> <br /> <br /> regards,<br /> <br /> phe9oxis,<br /> <br /> <a class="snap_shots" href="http://www.guidebuddha.com" target="_blank" rel="nofollow">http://www.guidebuddha.com</a>]]></description>
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				<pubDate><![CDATA[Thu, 12 Aug 2010 11:33:13]]> GMT</pubDate>
				<author><![CDATA[ SUNITHASHARMA]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ [quote=darshanss]we have a ancestrial property, nearly 60 years old. We are proposing to sell the same. and we might receive around 1 cr from the same. However we are 5 brothers and the received amount will be then equally shared amongst all.<br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount or can individual brother pay his own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate?[/quote]]]></description>
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				<pubDate><![CDATA[Fri, 7 Jan 2011 17:41:40]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ [quote=darshanss]we have a ancestrial property, nearly 60 years old. We are proposing to sell the same. and we might receive around 15lakhs from the same. <br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount me only payin own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate?[/quote]]]></description>
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				<pubDate><![CDATA[Fri, 18 Feb 2011 13:02:38]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ How to calculate capital gain tax on sale of ancestral property]]></description>
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				<pubDate><![CDATA[Sun, 19 Jun 2011 15:48:53]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ What is the tax liability on income received by a daughter<br /> on the sale of father's property( only part of share received)<br /> ]]></description>
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				<pubDate><![CDATA[Tue, 2 Aug 2011 10:17:33]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ we are two brothers  and two sisterst is their and  tax liability , when my fathers ancestral property sold during the a.y.2011-2012]]></description>
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				<pubDate><![CDATA[Sun, 7 Aug 2011 11:31:43]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ [quote=Anonymous][quote=darshanss]we have a ancestrial property, nearly 60 years old. We are proposing to sell the same. and we might receive around 1 cr from the same. However we are 5 brothers and the received amount will be then equally shared amongst all.<br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount or can individual brother pay his own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate?[/quote][/quote]]]></description>
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				<pubDate><![CDATA[Fri, 13 Jan 2012 02:35:39]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ [quote=Anonymous][quote=darshanss]we have a ancestrial property, nearly 60 years old. We are proposing to sell the same. and we might receive around 1 cr from the same. However we are 5 brothers and the received amount will be then equally shared amongst all.<br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount or can individual brother pay his own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate?[/quote][/quote]]]></description>
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				<pubDate><![CDATA[Sat, 16 Jun 2012 11:23:28]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ [quote=Anonymous][quote=Anonymous][quote=darshanss]we have a ancestrial property, nearly 60 years old. We are proposing to sell the same. and we might receive around 1 cr from the same. However we are 5 brothers and the received amount will be then equally shared amongst all.<br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount or can individual brother pay his own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate?[/quote][/quote][/quote]]]></description>
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				<pubDate><![CDATA[Sat, 17 Nov 2012 14:23:38]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ [quote=Anonymous][quote=Anonymous][quote=darshanss]we have a ancestrial property, nearly 60 years old. We are proposing to sell the same. and we might receive around 1 cr from the same. However we are 5 brothers and the received amount will be then equally shared amongst all.<br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount or can individual brother pay his own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate?[/quote][/quote][/quote]]]></description>
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				<pubDate><![CDATA[Sat, 15 Dec 2012 00:42:29]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ To the world you'll probably be a person, but to just one person you'll probably be everything.<br /> tn pas cher <a class="snap_shots" href="http://www.ruenike.com/" target="_blank" rel="nofollow">http://www.ruenike.com/</a>]]></description>
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				<pubDate><![CDATA[Sun, 6 Jan 2013 05:39:17]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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				<title>tax calculation for sale of ancestral property</title>
				<description><![CDATA[ we have a ancestrial property, nearly 100 years old. We are proposing to sell the same. and we might receive around 6 cr from the same. However we are 2 brothers and the received amount will be then equally shared amongst all.<br /> I need to understand the complete working of tax calculation on the same.<br /> Will this sale proceeding attracts any long term capital gains?<br /> How much would be the tax for such deals?<br /> Is the tax to be paid on total received amount or can individual brother pay his own tax?<br /> What is the index value of such property?<br /> Where to invest such amount and how would i get the tax rebate? ]]></description>
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				<pubDate><![CDATA[Fri, 22 Feb 2013 15:59:29]]> GMT</pubDate>
				<author><![CDATA[ Anonymous]]></author>
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