House propriety
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 August 2013
DEAR I HAVE MY OWN HOUSE IN AHMEDABAD NEARLY 25LACKS AND I WANT TO INVEST SOME AMOUNT IN ANOTER HOUSE IN NADIAD WHICH AMOUNT NEARLY 30 LACKS SO CAN I APPLICABLE TO PAY INCOME TAX ON THAT BUYING HOUSE.
I M RETIRE PRINCIPAL .. MY AGES IS 61 YEARS
PLS PROMPT REPLY IF POSSIBLE
I M RETIRE PRINCIPAL .. MY AGES IS 61 YEARS
PLS PROMPT REPLY IF POSSIBLE
06 August 2013
There is NO tax liability on PURCHASE of house.
Tax liability arises only on SALE of house.
Tax liability arises only on SALE of house.
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