Sale of house proparty lible tax

This query is : Resolved

amol dhage (Querist)
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19 October 2013 Dear Experts

I need info about

My relative Sold there House of rs 22 lkh
& He received Chaque rs 17.50 lkh and 4.5 lkh

They Would Like to Fixed Deposit of rs 15 lkh

then How Much Tax is lible

please give me solution
its urgent

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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20 October 2013 You have to calculate the Short term or Long term capital gain on those properties as per the income tax provision and calculate the tax after claiming deduction of 80C Rs.1 lakh. also check the exemptions criteria under sec.54