O
Omer
If I had sold a property in the last financial year with no gains , is it necessary for me to deposit the money in a capital gain account
Facebook
Twitter
Linkedin
A
Abdul Sattar
Loan taken from a building. Does the rent coming from this building attract TDS and / or Service Tax ? How to avoid or overcome this ?
TDS on Rent is liable to be deducted by the person making the payment if the total amount to be paid during the year exceeds Rs. 1,80,000 p.a
Service Tax is abolished now
S
Sidharth Pushp
I have recently changed my job. My salary has more than doubled from the previous one. How is it gonna impact my taxes?
You have to note the exemption threshold limits depending on what type of taxpayer you are eg woman, senior citizen etc. Over and above that you are taxed, and you can avail of deductions under Chapter VIA. Once you save on these deductions by investing, you can reduce your tax burden on the increased income. Else over the exemption you pay higher taxes on increased income depending on the slabs.
T&C applyM
Munagala Sai Kumar
We are selling a property at 20 lakhs and The Buyer sending 20 Lakhs to My SBI Account and I want to use that 20 Lakhs and buy a home in Hyderbad. Will there be any tax issue?
yes, capital gain tax
CA Amit S 14 Nov 2018The investment should be within one year and construction within 3 years. Also the owner should not own more than one residential house for exemption of sale proceeds.
T&C applyA
Aman
Looking to increase capital from 1cr to 1.25cr.. what all are the charges and stamp duties for the same?
