House Property Calculation

367 views 11 replies
A Women Who Government Employee
sell Property And Received RS.1700000/-

Now They Purchase New Property In Name Of Sons Wife for Benefit Of Stamp Duty,Subsidy And Other Benefits.

Is She Eligible For Tax
if Yes how Much ?
Replies (11)

No, she is not eligible for tax benefit. As property is purchase in another name and tax is to be paid on different name.

If she Purchase New Property Own Name then She Claim Benefit Of Subsidy

What I meant is tax benefit, not the subsidy. Govt subsidy on interest on purchase of new house property is different issue.

Ok
how Much Tax Payable For That ?
if She Purchase New House,
is there benefit U/s 54.
In my view , the benefit of section 54 wont be available as new house in different name
@ Dharmik Prajapati

which property sale ? like - Land , Building.....
A House Sold And Received Cheque Of Rs 1700000
new Home Loan for Purchase New House .
owing Her Name or Sons Wife
which Is Befecial ?
@ Mr. Dharmik

New house purchase for her name take benefits of sec. 54.
while if you take benefits like :- Govt. subsidy on home loan, than new house purchase name of sons wife.
It Means If We Claim Benifit u.s 54.
we Can't Aaply For Govt. Subsidy.
Any One Of Claim ?
Govt. subsidy receive only one time on first house purchase.
you can apply, if you are eligible than you received otherwise no.
Thanks All,

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