Tax planning
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 January 2013
I m having capital gain of Rs. 10 lakh from sale of residential house, neither i want to avail exemtion under section 54 nor i want to pay tax.Is there is any other way to exemt from payment of income tax
CA PARAS BAFNA
(Expert)
06 January 2013
Looking to the financial risks involved in going out of way, it is better to adopt the straight way.
.
When an anonymous tax evader is caught by the Department, he has to pay tax on the Real Capital Gains.
.
Technically, some kinds of losses can be set off against the LTCG, but inspite of incurring losses, you can really plan better.
.
.
When an anonymous tax evader is caught by the Department, he has to pay tax on the Real Capital Gains.
.
Technically, some kinds of losses can be set off against the LTCG, but inspite of incurring losses, you can really plan better.
.
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