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Dear Client,
The demolition and restructuring or reconstruction of any property requires prior approval of the concerned Civic Authority who are also collecting authority of property tax from the Owner of the property on the assessment of the valuation of the Property following the standard rules. So, your query needs to be clarified by the concerned deptt of the Municipal Authority based on your updated information regarding the property. Any change or alteration in any property affecting prope

Dear Client

The Indian Income Tax Act mandates that 10% TDS should be deducted on rent paid for commercial properties. However, if the annual rent paid is less than Rs 2,40,000, TDS can be deducted at 5% if the landlord provides a valid PAN. In this case, since the annual rent paid is Rs 2,20,000, TDS should have been deducted at 5%. If the landlord did not provide their PAN, the builder may have deducted TDS at 10%. It is advisable to check with the builder and provide PAN details to avoid dis

Dear Sir,
The person who receives proceeds of sale is liable to pay tax to the Income Tax Department and such amount to be used to purchase another house within a certain period.

Dear Sir,
There is a limitation of three years in general for claiming refund of your property tax which was paid under wrong impression. However, there is a principle called “Nobody can enrich himself at the cost of others”. On the basis of such principle you may win the case.

Dear client,
Yes, you will have to pay tax for additional capital gain. To know the exact numbers, please consult a CA.

Dear Client
There will be no problem for not mutating the property when you try to get the property transferred to your name legally following the due legal process.

Dear Sir,
Please consult Auditor or chartered accountant who are the experts to advice you on the matters relating to finance. The Advocate may not give expert advise on the matter.

Dear Client,
It's best if you get an opinion on this TDS-related component from a trained chartered accountant or a banking specialist, as they're better placed to do so. Hope this clarifies your query.
Thank you!

Dear Sir,
You may contact any chartered accountant for accurate information and guidance as it pertains to financial matter.

I think yes you will not have to pay any tax on that amount as it is used in paying the loan amount for the other house and this act is same as reinvesting the funds in property. The capital gain tax should not be applicable here but to be 100% sure I would suggest once you consult a CA.