if a person sales his house at the rate of 13 lacs how much he has to pay tax.
if the above person distributes money to different persons, has he pay the tax?
Asked on 2/16/10, 3:14 pm
2 Answers from Attorneys
RAJIV GUPTA
(Cell: +91 9811284735) [email protected]
capital gain tax is liable to be paid if the sole residential house is sold within 3 years of its purchase. otherwise there is no tax if with the sale proceeds another house is bought.
Answered on 2/16/10, 7:58 pm
Rohini Kumar Tenneti
R.K.1080 LEGAL SERVICES
to know the exact calculations you will have to provide more details contact at [email protected]
Answered on 2/16/10, 10:43 pm
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