capital gain
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 pass ...
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 pass ...
Dear Client,
You need to have a look to the following:
Capital gain is a rise in the value of a capital asset (investment or real estate) that gives it a higher worth than the purchase price. The gain is not realized until the asset is sold. A capital gain may be short-term (one year or less) or long-term (more than one year) and must be claimed on income taxes.
If you sell property that is not your main home (including a second home) that you've held for at least a year, you must pay tax on any
Other Responses
I have a plot in Nagpur. It is a agricultural land and I have build shops & house on that Land. Since it is an ancestor property so there are 7 owners(Brothers & sisters) and each owner has 1000 sqft ...
Dear client better to act quickly before the authorities take action under the relevant section of the Act.
Other Responses
Sir, I'm having 18-rooms building in pune. It is individually owned. Recently 1-year before maintenance society was formed and it made complaint against me to Pune Muncipal Corporation to charge me as ...
Making any sort of earnings or profit from house property either from paying guest or tenants amounts to commercial business and the Corporation is correct in putting your property under commercial cap. What you can do is to appear before the concerned hearing officer on the date of hearing as mentioned in the notice and seek for some relief in the property tax.
Other Responses
AS FROM LAST 50 YEARS WE ARE LIVING IN A HOUSE ON RENT FROM THE TIME OF MY GRAND FATHER, AFTER THAT WE HAVE NO IDEA ABOUT OWNER OF THE HOUSE WHERE TO SHIFT , MIGHT BE THEY AND ALL THE FAMILY SHIFTED ...
dear client in your matter The responsibility of payment of property tax is of the owner. This payment is a statutoiry obligation.
If this payment is not made by the owner, then you can pay the same on behalf of the owner and then deduct the same from the amount of rent payable.
Other Responses
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