Regarding res. house property
This query is : Resolved
Querist : Anonymous
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.
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.
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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