Hello My NRI friends, Do you own a property, say House, plot or a flat in India? In case you hold one and decide to sell such property, you are subject to Capital Gain Tax. How much taxes are to be paid? It depends on the period of holding of …
Read More »List of queries asked by an NRI about Capital Gain tax on sale of property
Mr. Abrahim an NRI living at UK is corresponding with me regarding the capital gain tax on sale of property in Bangalore. Here are his queries and my answers – Dear Mr. Abrahim, I am an NRI seller. I want to sell my house in Bangalore and reinvest it in …
Read More »Selling a House or Flat? Know provision of Capital Gain Tax
I come across queries about tax payable on sale of a flat or a house. Generally, people have a good understanding about capital gain taxes. However, when it comes to the actual transaction, they seek professional help. Broadly, the scope of capital gain tax is covered in this article. Hope …
Read More »Real Estate (Regulation and Development) Bill | Good news for property buyers!
Good news for property buyers! Ask anyone what is missing in real estate sector now. The immediate answer will be ‘accountability and transparency’, isn’t it? What is promised is not delivered, the promised completion dates are not kept up, the measurement of area is not clear (super built, carpet or …
Read More »Practical issues in capital gain on sale of property
Post sale of the property, the seller will have to take certain precautions to save on capital gain tax. Some of them are discussed in this article. Deposit the sale consideration in SB Account: After the sale takes place, the seller can deposit the demand draft/cash/cheque in his …
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