Menu
keyboard_backspace
ask_a_question

rahul sharma

Posted 10 months ago

My father had purchased a property in 1970 which is in my name since last ten years. This year I demolished the house which was built on it at the time of purchase by my father and got a new plan passed by the municipal corporation and constructed new semi constructed building on it. Now I want to sell a part of it. Now my question is whether it will attract long term capital gain as my father had bought it in 1970 and it is in my name since last ten years or short term capital gain since I have constructed a new structure on it by demolishing the original structure and it has just been 11 months since i started the new construction Read Less

A. Dear Client,
The best option for you would be to engage an Income Tax Lawyer or Chartered Accountant .
Basically I do not see any reason why should you pay additional or more tax.You pay what what is due on you. Remember it is not mantra. Everything is written in black and white.
Shanti Ranjan Behera, Advocate
Helpful
Helpful
Share
Deepak Yashwantrao Bade
Deepak Yashwantrao Bade Experience: 9 Year(s) Nagpur
ARPIT  BATRA
ARPIT BATRA Experience: 11 Year(s) South Delhi
Rajender  Prasad
Rajender Prasad Experience: 5 Year(s) New Delhi
Post Your Question

Top Responding Lawyers

Kishan Dutt Kalaskar Retired Judge

Retired Judge

Experience: 33 Year(s)

Free Advice Given: 4243

Bangalore

View All Answers
Consult
Rameshwar Dadhe

As a advocate

Experience: 2 Year(s)

Free Advice Given: 2235

Aurangabad

View All Answers
Consult
Deepak Yashwantrao Bade

Lawyer and legal associate

Experience: 9 Year(s)

Free Advice Given: 2204

Nagpur

View All Answers
Consult
Shreyash Mohta

Advocate

Experience: 1 Year(s)

Free Advice Given: 1597

Kolkata

View All Answers
Consult
Shanti Ranjan Behera

Advocate

Experience: 22 Year(s)

Free Advice Given: 1128

Bhubaneswar

View All Answers
Consult
Ambrose Leo

Adv.Ambrose Leo Associates & Legal Consultants

Experience: 9 Year(s)

Free Advice Given: 1057

Bangalore

View All Answers
Consult
ROBERT D ROZARIO

Advocate High Court

Experience: 15 Year(s)

Free Advice Given: 784

Kolkata

View All Answers
Consult
Rajender Prasad

Lawyer

Experience: 5 Year(s)

Free Advice Given: 623

New Delhi

View All Answers
Consult
Prabhakara S K Shetty

Advocate

Experience: 19 Year(s)

Free Advice Given: 619

Bangalore

View All Answers
Consult
Suneel Moudgil

Advocate

Experience: 15 Year(s)

Free Advice Given: 569

Panipat

View All Answers
Consult
ARPIT BATRA

Attorney

Experience: 11 Year(s)

Free Advice Given: 536

South Delhi

View All Answers
Consult
Abhimanyu Shandilya

Advocate and Legal Counsel

Experience: 14 Year(s)

Free Advice Given: 536

Kolkata

View All Answers
Consult
GANESH SHARMA

Criminal Lawyer

Experience: 3 Year(s)

Free Advice Given: 409

Faridabad

View All Answers
Consult
Nirmal Chopra

Dr

Experience: 20 Year(s)

Free Advice Given: 389

New Delhi

View All Answers
Consult
Ashish K Dongre

Advocate

Experience: 12 Year(s)

Free Advice Given: 347

Thane

View All Answers
Consult
Vishwabandhu

SENIOR LAWYER

Experience: 38 Year(s)

Free Advice Given: 291

Jabalpur

View All Answers
Consult
Johnson Thangiah

Advocate / Trial Advocate

Experience: 18 Year(s)

Free Advice Given: 282

Tirunelveli

View All Answers
Consult
Mohd Imran

Advocate

Experience: 4 Year(s)

Free Advice Given: 262

Faridabad

View All Answers
Consult
Sunil Kumar Singh

Lawyer,Attorney,Solicitor

Experience: 17 Year(s)

Free Advice Given: 242

Kanpur

View All Answers
Consult
Manjula Shanmugasundaram

Advocate

Experience: 18 Year(s)

Free Advice Given: 235

Chennai

View All Answers
Consult
Sanjay Kumar Jha

Advocate

Experience: 17 Year(s)

Free Advice Given: 208

Patna

View All Answers
Consult
Rajeev RJ

Advocate

Experience: 17 Year(s)

Free Advice Given: 198

Thiruvananthapuram

View All Answers
Consult
Junaid Ali Khan

Advocate

Experience: 2 Year(s)

Free Advice Given: 193

New Delhi

View All Answers
Consult
Ved prakash Shaw

Advocate

Experience: 38 Year(s)

Free Advice Given: 132

Bhubaneswar

View All Answers
Consult
Neeraj Kumar

Advocate

Experience: 1 Year(s)

Free Advice Given: 127

Patna

View All Answers
Consult

Are you looking for Lawyer ?

  • To File a Case
  • To Send /Respond to Legal Notice
  • To Defend a Case
  • To Draft/Review a Document/Agreement
  • To Represent an ongoing Case
  • For Registration Services
  • For Legal Opinion

post your matterPost Your Matter

Need a Quick Legal Advice NOW?

Don’t want to wait! Call at the toll free
number and get a call from an expert Lawyer
within an hour!

talk to lawyer7604047601

Talk to a Lawyer
Post Your Matter
Request Callback
Contact Us