Tds and capital gain - flat sale
This query is : Resolved
11 June 2016
Dear Sir,
I bought a 1BHK flat at Chennai for Rs.11,50,000/- in the year 2005 with home loan through bank. Now the bank loan settled my me. Also I am thinking that I would like sell the 1BHK flat for Rs.17,00,000/- in the year 2016.
Request you to share consequence of TDS and Capital Gain for the above transaction.
Thanks
R Kalyana Sundaram
I bought a 1BHK flat at Chennai for Rs.11,50,000/- in the year 2005 with home loan through bank. Now the bank loan settled my me. Also I am thinking that I would like sell the 1BHK flat for Rs.17,00,000/- in the year 2016.
Request you to share consequence of TDS and Capital Gain for the above transaction.
Thanks
R Kalyana Sundaram
11 June 2016
NO TDS obligation would arise in the transaction.
NO Capital gain would arise as Indexed cost of acquisition is more than value of consideration..
NO Capital gain would arise as Indexed cost of acquisition is more than value of consideration..
21 June 2016
Thanks for your information.
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- TDS on Purchase of Immovable Property by NRI from NRI
- Value of property in capital gain
- When TDS on GST applied
- Before GSTAT- APL-02 Vs APL-04
- TDS APPLICABILITY......
- Copyright software
- 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
