Tag Archives: Sale of Property

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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TDS on sale of immovable property

Section 194 IA: Payment on transfer of certain Immovable Property other than Agricultural Land (with effect from 01.06.2013) Vide BUDGET 2013, read with Notification No.39/2013 dated 31st May, 2013, a new Section 194-IA was inserted to Income Tax Act, 1961 in the case of transfer of immovable property (situated in India or abroad/commercial or …

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