Now it as been registered to my father name.And now we are planning to sell that land and purchase some other property for our income.So i need clarification like, how can we save tax.And after sales when we keep amount in bank.Do the Income tax department ask us to pay tax immediately ? Or wat will be the situation. How we have to move.
My friend has to invest in long term capital gains tax exemption bonds(54 EC) of NHAI/ REC.Kindly suggest reliable agents/brokers within Mumbai who can assist and ensure correctness of the entire procedure of applying for the said bonds. Thanks.
Section 70 says something about this, but I am not sure.
when i commits suicide….. and how long will it take to get the death certificate… in india….. Will it be smoothly able to sell the family property when the power of attorney is given……
how long will it take to sell the property…. after my death………….
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?
I started as an adjuster during Hurricane Katrina in New Orleans. Can I get rid of those files now?
does anyone have any idea in India how long one can keep the tenant. I was told after living in the same property some years the tenant can claim the property. is that true, if so, how many years is a safe period?
thanks for your response
I am aware of 11 months contract but how many years it is safe to keep the same tenant. I heard after some years, the tenant can claim the property, is that true?
In which scheme i should deposit the amount?
Will the interest and the principal will be tax free after 3 years?
Shall I should pay the tax of 20% what should I do?
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 submitted an online Ec application on sep 20 for a property at a remote village near sriperambadur around chennai.My online EC checking shows application status pending still.Do ECs take more than a month to be issued.