Since from 3 Years No Transaction happened in Bank, This Year i want to show some transactions in Bank, What should i show the receipt amount? if i shown the amount means i need to bare the tax ha ?
I intend to sell my 15 years old built up house and wish to purchase two residential built up flats from the sale proceeds which should be almost for the same amount. Would I have to pay any long term capital gain tax?
Because brokers are now making the rate high between the buyer and seller so to avoide this problem what action we can take while buying?
I am looking to buy my first investment property, and my realtor recommends i look at areas that do not have too many foreclosures. How will this affect the price I pay and if my property appreciates in value?
House property was purchased by me out of my money but conveyance deed was got executed in both names. Wife is a PAN card holder and files independent IT returns.Presently, I am showing rental income completely in my name and paying 30% tax on it.
if we don’t have pan card scheme for non-tax payers, shouldn’t we introduce it to avoid black money accumulation. such a move will cover all people and avoid unnamed property being created?is such a scheme in any other country?if you like the idea, you are free to bring it before the media yourself.
how many properties can a person invest in from the capital gained from a property sale to avoid capital gain taxes? can one invest in more than one property and buildings or is the tax exemption for one property and a building on that property only? and is there any limit in investing in national bonds or on property or building?
I purchased a sight in 1993 for Rs 30,000/-. I developed it with ac sheet roof shed but i have not shown the development in my records. i sold this property for Rs 4,70,000/- in financial year 2009-10. I am also deposited Rs 9,00,000/- in state bank for one year. Now i purchased an old Cinema theater its not in running condition with this money. suggest me how to avoid capital gain tax?
I, my sister and my mom are legal heirs of my late fathers property worth 75 lakhs in chennai. If we sell it do all 3 of us have to invest 25 lakhs each in a new property to avoid tax? can we buy 2 flats worth 37.5 lakhs each for myself and my sister and use my mom as joint property owner in both the flats to avoid paying capital gains tax?
IT raids these days are rampant. The only thing standing in between living a free life are high high income tax rates. How to increase white money and avoid paying excessive tax?