I have purchased a flat in 1989 for a consideration of Rs.2 Lac. i am selling the same house for Rs.20 lacs in Jan 2010. With the indexation what will be my tax liability. I am 80 years old and presently has no income or it is better to give gift to my son
i m planning to purchase a open plot from my mother in law by registering a sale deed to my name, i want to know that in future my brother in law have a right to claim on prorety b’coz earlier it was name of my mother in law, pls suggest me whether it is safe to purchase property from parents
Here my friend is saying definition of sale contains service tax or vat and not both.
i have been hearing about the sale tax but i doesnt know what does actually it is and why it is collected and why government want 30% share in it ? please help me im teenager and wanna understand all the taxation queries
I have purchased material by paying CST. I have to now sell the material in another state. It is not viable to bring the material to my state and then send the material to the other state. Therefore, how can i sell the material without logistic expenses and taxes. Awaiting replies on the same.
NRI WANTS TO SELL A HOUSE PROPERTY SITUATED IN INDIA TO AN ANOTHER NRI. CONSIDERATION WILL BE PAID IN INR FROM HIS NRO ACCOUNT. WHETHER TDS TO BE DEDUCTED UNDER INCOME TAX ACT.? IF SO AT WHAT RATE?
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.
IF 60 % is tken white then how much tax will be deducted and how? I mean whats the process.
I am an individual and I do not have a registered company, I just help buyers and sellers meet. I earn a certain commission in this process which sometimes goes to few lakhs, is this commission taxable?