Capital gain exemption if new property purchased on HUF name

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  1. Karan Batra

    Karan Batra Well-Known Member

    1. Service Tax is not levied on sale of vacant land
    2. 4 Form 16B's should be collected from the Buyer i.e. a separate form for each seller
    3. Amount to be paid to each person after deducting TDS would be 45L - 45k = 44.65L
    4. TDS Deducted should be mentioned in the sale deed
    V K Khanna likes this.
  2. Anand Mantha

    Anand Mantha Member

    Thank you for your precise answers. Most helpful.
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