banner_ad

If well sell property below dlc rate

Tax queries 289 views 3 replies

My uncle Selling a Plot  But thing is Market value is Half than  DLC value     

So Long term capital gain would be on DLC  RATE or  Amount Receive which is Half amount of DLC      ? 

Very Important Qeustion 

Best way to  Minimaize Capital gain TAX ( I knw about nhai/rec bond and Inflation index) 

 

 

Replies (3)

Long term capital gain would be on DLC  RATE

Ok silly question  Bt have to ask someone said  

government (URBAN IMPROMENT TRUST)  allotted plots by lottery  Thus No Tax  on lottery allotted    

This is not True right  ?     

Nothing is more dreadful or silliness than Ignorance.

Comming to last query, First I am not aware about any such lottery allotment. (of LAND)

As far as taxability of any lottery is concern, its specifically taxable at higher rate.

But if any special scheme, under or for weaker section, wherein Government announce any such exemption; then the same would be annouced by its Notification.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured ARTICLESHIP 19 March 2026
Article Assistant

Gupta Sachdeva & Co. Chartered Accountants

New Delhi

CA Final

View Details
Company
Featured 14 March 2026
Associate CA

N N V Satish&co

Hyderabad

CA

View Details