How to pay CG tax on property and options to reduce tax liability, if any
I am a salaried individual at 30% bracket.
I bought a residential site in 2006 and sold the site last July 2019.The capital gain tax works out to be 4.5 Lakhs after considering the indexed cost of acquisition.
i am not planning to invest in another real estate asset.
i have not yet paid the self-assessment tax for this transaction yet. from when, i will start paying the interest for it? what is the due date for paying this tax? is there a penalty for me now? what is your suggestion for paying tax now?
can this LT gain(from property) be adjusted against the long term loss from shares? I have LT loss(Rs 73000) from shares for FY 19-20.
can i buy 54EC bonds now to partially reduce tax liability?
Asked 14 days ago in Capital Gains Tax
for adjusting against shares, you said "type of shares"? what is the "type" you are talking about..? i am dealing only with the listed shares on the exchanges...please clarify...
Asked 14 days ago
Can short term loss from shares be adjusted against the LT gain from property?
Asked 13 days ago