Selling Land
5 years ago
After Selling a land , let say that land got sold for 15 Lacs then if we share that money in three parts and need to keep that in a bank in our individual accounts(like 5lacs in each account), do we need to pay income tax immediately after receiving it from buyer ?
A.Dear Sir,
Please consult the Chartered Accountant.
Please consult the Chartered Accountant.
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Rameshwar Dadhe
Responded 5 years ago
A.U can submit Ur sale deed copy to IT department
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Rameshwar Dadhe
Responded 5 years ago
A.Yes u will show it income generation source in years ending
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