Sale of immovable propert
This query is : Resolved
17 March 2016
DEAR SIR,
1.FLAT SOLD AT RS 1100000/-
2. FLAT WAS NOT PURCHASE AS IT WAS CONTRUCTED FEW YEARS BACH ON LAND PURCHASE.
3. FD- RS 300000/-
4. ASSESSEE- 70 YRS -WOMEN TAX CALCULATION
5. INTEREST FROM SAVINGS - RS 100000/-
WHAT WILL BE THE CALCULATION OF TAX
1.FLAT SOLD AT RS 1100000/-
2. FLAT WAS NOT PURCHASE AS IT WAS CONTRUCTED FEW YEARS BACH ON LAND PURCHASE.
3. FD- RS 300000/-
4. ASSESSEE- 70 YRS -WOMEN TAX CALCULATION
5. INTEREST FROM SAVINGS - RS 100000/-
WHAT WILL BE THE CALCULATION OF TAX
24 March 2016
what is the cost of the land and expenses of construction. what is the date of purchase of land and completion of construction. what is the date of sale of flat.Whether the lady has any other income. What is the rate of interest of fixed deposit.
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