Tds liability
This query is : Resolved
PRAVIN PATEL
(Querist)
24 February 2013
I have sold my home within a period of one and half year. I will revert 80c benefit of home loan principal i have availed. Just I want to know that can I get one year period to invest the same in another house property?
Also want to know that what tax liability will be on profit of 700000.00 if I am not investing the same in another house property?
My other income is 300000.00 and 700000.00 profit on short term capital gain.
Please guide.
Also want to know that what tax liability will be on profit of 700000.00 if I am not investing the same in another house property?
My other income is 300000.00 and 700000.00 profit on short term capital gain.
Please guide.
24 February 2013
Hi,
Yes you do get one year period to invest in house property.
Your total taxable income is Rs. 10 L, you will get 2L std deduction & balance 8L is taxable as per standard rate.
So tax payable is Rs. 1,33,900/-
Thanks!!
Yes you do get one year period to invest in house property.
Your total taxable income is Rs. 10 L, you will get 2L std deduction & balance 8L is taxable as per standard rate.
So tax payable is Rs. 1,33,900/-
Thanks!!
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
- Tax on Amount transferred in HUF Account
- Nursery business
- TDS on Dashcam rent and allied services
- Working on Gold wastage during Melting of old gold jewellery
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- Intimation under section 245
- ETDS return q4 25-26
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GSTR-9C filing
- GST input credit on commercial property
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
