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4,00,000/-. No slabs, no deductions, no exemptions, no incentives and no allowances.No distinction in kind and source of income. You is worth of doing even much better than the capital gains rate if, rather than selling, you simply do a cash-out re-finance. The proceeds are tax-free! By the time you determine taxes and selling costs, you could come out better by re-financing extra cash inside your pocket than if you sold it outright, plus you still own the house or property and still benefit off the income on face value!
