Tds on salary
This query is : Resolved
13 December 2011
I HAVE TAKEN INCOME TAX BENEFIT ON HOUSING LOAN AND NOW I WANT TO SALE THAT PROPERTY WHICH WAS TAKEN FOUR YEAR BACK.WHAT IS THE TAX TREATMENT ?
13 December 2011
Profit on sale of this property is Capital Gain if you purchase a new house within 2 years than no tax otherwise you have to pay tax on capital gain which is calculated:-
Capital Gain=
Sale Price - Purchase price * index price of purchase year
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
Capital Gain=
Sale Price - Purchase price * index price of purchase year
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
Dhirajlal Rambhia
(Expert)
11 October 2021
If you sell off the property within 5 years of its possession, the claim benefits shall get reversed and added to your income.
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