Someone purchased flat in cash of 12 lac before 5 years, now he would likes to sell at 15 lac by cheque.
At this point of time which option is best to go..
- How many difficulties may arise in future?
please guide...
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Capital Gain treatment
Replies (1)
first difficulty us source of funds.
u have to prove source which is cash is legitimate
tax suffered and belongs to u.
secondly compute capital gains. if u have any pay tax or get exemption by investing in specified assets.
u have to prove source which is cash is legitimate
tax suffered and belongs to u.
secondly compute capital gains. if u have any pay tax or get exemption by investing in specified assets.
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