Tax on land or building selling

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3 Points Posted on 09 December 2020
could you please tell how much tax I have tonpay after selling my property?
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On 09 December 2020 at 19:09 Report
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Selling your property involves understanding potential tax liabilities. The amount of tax payable depends on several factors, including the purchase date, purchase value, sale date, sale value, and the type of property. For instance, the sale of a building after obtaining a completion certificate (CC) might be considered 'no supply' under GST regulations, meaning no GST is applicable.

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Accountant
3662 Points Posted on 09 December 2020
It depends on various factors

please provide date of purchase, purchase value, date of sale, sale value and property type
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On 09 December 2020 at 19:57
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3 Points Posted on 09 December 2020
7.12.2020, 18lakh Groud floor
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On 09 December 2020 at 20:00
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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 09 December 2020

 

Sale of building after CC comes under schedule III , so its NO SUPPLY under GST act.

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On 09 December 2020 at 23:53

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