Income tax liability of property.
This query is : Resolved
Manish Jha
(Querist)
22 July 2017
Dear sir/Madam,
I had purchased the flat in greater noida for the FY 2011-12 of Rs. 3,75,000/- Than sold the property FY 2016-17 of Rs. 11,00,000/-
I would request you please how much rupees income tax liability in this property.
Thanks
I had purchased the flat in greater noida for the FY 2011-12 of Rs. 3,75,000/- Than sold the property FY 2016-17 of Rs. 11,00,000/-
I would request you please how much rupees income tax liability in this property.
Thanks
CA Rashmi Gandhi
(Expert)
22 July 2017
About 1,12,391/-
13 October 2021
If you invest around 5.50 Lakhs in NHAI/REC bond (u/s. 54EC), tax liability almost NIL ...
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