Short term capital gain
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2012
I had sold non agricultural property in one year after its purchase.
What are the provisions and how i can save my maximum tax?
In which account should i deposit the sale proceeds? Should i deposit entire sale proceeds or only capital gain?
If it is compulsory to open a deposit account then for how long should i keep that deposit and what is the tenure for which i should keep my deposit?
What are the provisions and how i can save my maximum tax?
In which account should i deposit the sale proceeds? Should i deposit entire sale proceeds or only capital gain?
If it is compulsory to open a deposit account then for how long should i keep that deposit and what is the tenure for which i should keep my deposit?
20 September 2012
On sell of such property short term capital gain arises which is taxable at normal tax rate. such capital gain will be included in your gross total income and normal slab rate calculation will be done.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Capital gain from sale of house property
- Copyright software
- Value of property in capital gain
- When TDS on GST applied
- Annual return in Gst
- FORM 26A APPLICABILITY
- Before GSTAT- APL-02 Vs APL-04
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
