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.
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?
will d tax b deducted at the time of selling of shares or the tax will be duducted anually?