Dear Sir,
One of my client wants to sale his father's house (Father died on 1995) for Rs. 20 lacs. Is the sale amount taxable income? Please guide.
Thanks,
Asim Jana
Menu
Tax on sale of heritable building
Replies (1)
Yes, it is taxable. But you will have to find out the long term capital gain. You can save tax by investing in another property.
Recent Topics :
- TDS on under construction property not deducted
- GST on Fixed Assets
- GST ITC april 22
- GST PAYMENT REGARDING
- GST Consultation Required – June–Augus
- TDS Code for Salary Payment to Non-Resident Intern
- TDS on property
- Company data for software
- Car purchase to be eligible for ITC
- GST Refund on payment to builder
Related Topics :
CAclubindia
