SALE OF PROPERTY

Share
Share This Thread
  1. KAILASH JOSHI 342

    KAILASH JOSHI 342 New Member

    I AM SALARIED PERSON AND MY GROSS INCOME 2015-16 WAS 595000.I HAVE SOLD A PLOT FOR 700000 IN THE MONTH OF FEB AND GOT THE PAYMENT ONLINE AND NOW MONEY HAS BEEN DEPOSITED IN NORMAL FD HOW THE TAX WILL BE CALCULATED .RS 18000 TAX WAS DEDUCTED BY EMPLOYER WHICH IS REFLECTED IN FORM 16
     
  2. SUNNY NARANG

    SUNNY NARANG Member

    Need More details . Date of house purchased & sale ? is this residential property or resident plot.
     
  3. KAILASH JOSHI 342

    KAILASH JOSHI 342 New Member

    I BOUGHT A RESIDENTIAL PLOT IN 2008 AND PLOT WAS PURCHASEDE IN 217000 INCLUDIANG REGISTERY CHARGES PLOT ACTUAL COST WAS 190000 .THIS YEAR FEB 2016 I SOLD PLOT FOR 700000 .I AM SALARIES PERSON AND MY LAST YEAR 2015-2016 TOTAL ICOME FROM SALARY WAS 595000. MY EMPLOYER DEDUCTED 18000 RS TAX WHICH IS REFLECTED IN MY FORM 16.WHAT WILL BE MY TAXABLE INCOME THIS YEAR IN ITR
     
  4. ZED

    ZED Well-Known Member

    You know you can get exemption from capital gain if you invest in NHAI/RECL bond within 6 months from date of transfer? Consider it, its a good option.
     
Draft saved Draft deleted
Loading...
Similar Threads Forum Date
Query related to sale of property Income Tax Mar 8, 2018
TDS Rates on sale of Property - RONR Income Tax Jan 27, 2018
CAPITAL GAINS ON SALE OF PROPERTY Income Tax Jan 6, 2018
TDS on sale of property Income Tax Dec 31, 2017
LTCG on sale of property Income Tax Dec 22, 2017