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Regarding res. house property

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 September 2011 ANYBODY TELL ME ABOUT RES HOUSE PROPERTY

I HAVE TWO PROPERTY IN MY NAME. I WANT TO SALE ONE OF THEM. WHAT WILL BE THE TAX COMPULSION ON SALE PROCEEDINGS. THE PROPERY IS 3 YEARS OLD AND WHAT SHOULD I DO TO SAVE MY INCOME TAX. PLEASE SUGGEST.
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Ravi Jhamb

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Ravi Jhamb (Expert)
01 September 2011 Income from House Property consists income from house property (Let Out). Any income arises due to sell of property cover under Income from Capital Gain. u can re-invest in property.
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