I will get Rs 30000/pm as pension after commutation which is sufficient for me but I need some money to cater for Income Tax. It seems to be around Rs 90000 per year.
I want to sell my house and invest the long term capital gains in tax saving bonds under section 54. After these bonds mature, on what amount do I have to pay tax?
Can a foreigner who does not have an Indian citizenship invest in property in India?
What is the time duration that we need to invest the amount we get from a property sold.
Apartment sold now how much time will i have to buy one without any issues with taxes.
Short term capital as i sold it before 36 months.
If I get a good amount of money from sale of a property shall i invest it back in property only or there are other options too by save on taxes?
Advise me if i can take the ULIP and Guaranteed (combined plan) plan for 5 years term at a monthly investment of 2000