I have two small flats. I wish to sell them and buy one property. Can I get capital gains tax exemption for both these flats?
In India, I intend to use sale proceeds from equity based mutual funds (held by me for more than 4 years) to purchase a residential flat within next 6 months. The sale porceeds will cover about 20% of the cost of the flat. What will be the tax liability for the sale proceeds of MF?
What I want to ask is simple. A rupee of 1950 is worth almost 500 Rupee of today. But if you see the INTERNATIONAL CURRENCY MARKET the value of Rupee against other currency has not changed that sharply. What is the main reason for this
i have now sold my flat for 20lacs, can i pay back the loan from the proceeds of my flat without paying property gains tax.
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?
What happens if I surrender my ULIP after keeping it for more than 5 years? Do I have to show the entire proceeds as income for income tax? Or can I get section 10 10(D) benefit for it and remove it from income?
Let me rephrase my question better. Should I go with ULIP for the 10 10(D) benefit alone. I mean with mutual funds and share trading, won’t I have to pay income tax on any gains?
Also any take on which is better? ICICI Pru Ace or Bajaj iGain?
This is regarding KVP option in Post office. Upon maturity how will i get my proceeds in kvp?
is it by cash/cheque?
I am planning to invest certain amount by depositing cash. So want to know the details.
I have units in LIC MF â€“ Unit Linked Insurance Scheme (previously known as Dhanraksha), which matured after 15 years on 31.03.2007, but I continued with the scheme. During all these years dividend declared by the scheme was reinvested in the scheme and proportionate units were allotted at the prevailing rates. I used to take credit for the dividend amount in the relevant year, in my books. Now, the NAV is much below the rates at which these were allotted to me. If I sell these units at the prevailing NAV, there will be a loss. My query is â€“ if I sell all these units and book loss, how the same will be treated in my books, for Income-tax purpose ?
– Arjun Kumar Miharia
26/4, Shib Krishna Daw Lane
Kolkata 700 054
As our company went into losses, we had large bank debts which had to be settled. The factory land and building was sold and the payment made directly to the bank to settle the debts. In fact even after selling the same, a small amount of debt remained outstanding. In this case when no sale proceeds has been received by me and when the company is also loss making is capital gains tax payable? What about properties sold under Bank DRT through SARFESI act?