my father wants to sell a land that he inherited and give that money to me for buying a flat. my father is a retired person and senior citizen. what will be tax implication on me & my father?
I m from mumbai and have seen a lot of builders asking for some black money (Avg- 30 to 50%) why is that….. what do they get with black money and what is advantageous to them this way???? also would like to know where does all this money go?
Can I buy another house/flat by investing the profit in this transcation though I am already having a house.
I want to sell my flat which is on loan and buy new one within few months.
Is it must to buy new flat in same FY to save income tax on monitory benefit? or
What is time limit for buying new flat?
If I could not buy new flat in same FY then what are ways to save income 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?
My parents made a will that leaves their house to me. I want to sell it. Now, how should I proceed? Can the house be sold on the strength of ‘will’ alone or do I have get it registered in my name. That would cost unnecessary expenses in terms of time and money.
People with knowledge about Indian property and inheritance laws, please guide me.
Thanks in advance.
i am having loan of 20 lac i want to clear it withought selling my property i can give 25000/month instalment in bank but banks are not providing personal loan,
I had bought a house for which I paid EMI and sold that house after clearing all the dues. I got the IT saving certificate and claimed the benefits till the month of sale. I then bought another house taking loan and got provisional tax saving certificate. When this was submitted the earlier benefit for the first house was disallowed.
If a persons sells his property in INDIA then are there any taxes applicable to that? If yes then how it can be exempted? How the money should be used or invested in order to avoid / minimise Income tax ?
Regarding Capitalgain tax