Can I buy another house/flat by investing the profit in this transcation though I am already having a house.
Capital gain tax is likely to occur to me in January 2012 from the sale of inherited property, To save this tax I need to buy another residential property, I am getting a cheaper property now this month, So can I purchase the property now from my own savings and save the capital gain tax occuring to me in Jan 2012 on sale of inherited property.
I bought a property in Kolkata sometime back. The allotment date was in 2005, however the prosession date was in Jan 2011. I now want to sell it and use the proceedings to buy another property. Will it come under Short Term or Long Term capital gain? If it is STCG, is there any way to save on Tax?
If you sell a residential property in India and buy another from the indexed gain from the sale, are you still required to pay Capital Gain Tax in India.
If you sell a residential property in India, and buy another residential property abroad from the proceeds, are you still required to pay capital gain tax on the indexed gain. Are their any references on the subject.
I will take capital gain bonds to get tax benefit from the sale of property.can I gift these bonds to my son or transfer it in his name?
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?
i have earned long term capital gain.I want to pay tax on gain earned by selling a house property. The net gain is 16,35000/-Neither I want to invest in tax saving bonds nor i want to purchase any property. I want to pay tax and i have no other income during the year. What is the amount of tax laibility?
Recently i have purchased a property from an NRI. I have paid everything to seller. he registered that property threw his nephew (NRI given special power to him). Now the NRI dos not paid any capital gain tax to Indian govt. Did i have responsible for capital gain tax?
I wanted to get a fair idea about the tax deduction scheme that has been designed for the working class with a limitation of the earnings.
Pleases help me to save short term capital gain.i had already purchased resale flat in march08 but due to transfer i want to sell it now(march09).this property situated in pune & my father retd person & myself both are owner of this flat.