Ancestral Property In Goa Capital Gains On Sale Of Ancestral Property In Goa?

Capital Gains on sale of ancestral property in Goa? - ancestral property in goa

My father bought the property in 1995 through an auction for Rs 12000 / - and has his 4 brothers and sisters to pay their share of Rs. 3200 each. The present value is Rs 4 cr It is an old property and the title was transferred from the name of your months his name.

Do not let me know how my father must pay taxes as if the property is sold?

It is a capital gain. Pls advise. Thank you.