property tax
dronavalli satishkumar (1 Points)
02 October 2017dronavalli satishkumar (1 Points)
02 October 2017
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160332 Points)
Replied 02 October 2017
Yes, if you purchase/construct new house property from the capital gains received by you, from the sell of property worth 80 lakhs......... you can save on long term capital gains tax u/s. 54 of IT act, provided the old property was held for 2 years or more. (As of now long term capital gain is taxed at 20.6% with cess)
ReachISO
(Business)
(77 Points)
Replied 06 October 2017
Auround 10 to 20% of the tax has to be paid.
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