Dear Users,
My mom is has deposited capital gain amount and not intersted in buying a proeprty for it . Is it possible to utilize the money for self purpose . How much tax will be deducted , pls help
Regards,
Vel
Sriram Windchill (Accountant) (42 Points)
30 January 2017Dear Users,
My mom is has deposited capital gain amount and not intersted in buying a proeprty for it . Is it possible to utilize the money for self purpose . How much tax will be deducted , pls help
Regards,
Vel
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(175687 Points)
Replied 30 January 2017
Same what tax liability, you would have calculated at the time of sale. Generally, 20.6% of the balance in the account. .
Landmark Judgments: Important Provisions of the EPF & ESI Act interpreted by the Honorable Supreme Court of India
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