what is Tax for long term capital gain ?
Harsha Yareshimi (14 Points)
30 January 2018
when we sale our property ,we deposite cash to bank account ,then what is the tax we should pay ?
7 Replies
Krishan kant
(student)
(600 Points)
Replied 30 January 2018
it will be calculated on the capital gain
Harsha Yareshimi
(14 Points)
Replied 30 January 2018
if i purchased property for 50,000 ,20 years ago and now im selling this for 60 lakh ..then how much tax sir ?
Krishan kant
(student)
(600 Points)
Replied 30 January 2018
you have to calculate the indexed cost of acquisition and also if you have some some work on it which this will also be deducted from sales consideration rcvd
Harsha Yareshimi
(14 Points)
Replied 30 January 2018
thank you sir ...on returns can we submit sale deed ?
Krishan kant
(student)
(600 Points)
Replied 30 January 2018
return means income tax return to be filled
Krishan kant
(student)
(600 Points)
Replied 30 January 2018
i would like to add one more thing there will be a deduction of TDS @ 1&%
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