Tax questions on Capital Gains Tax

I wanted to sell my flat and wanted to understand how to avail tax exemption on capital tax gain

Dear Sir, I own 2 flats in Bengaluru, 1 flat bought under gram panchayat limit with e Khata ( during Jan 2015) at sale deed price 9,75,500 which is owned jointly along with my wife as secondary owner. The other flat which I bought during 29/09/2021 with sale deed value 53,02,000 value which is single owner on my name. Currently both property on Housing loan SBI and LIC respectively. I am plan...

Calculation of Capital gains on property purchased in 1988 and sold in 2024

Dear Sir/Madam, I had purchased a piece of land in April 1988 for Rs. 10,000. Thereafter, I spent money on its construction, improvement, extention and addition as under : 1. For construction in1994-95 = Rs. 40,000 from my savings informed to my office 2. For construction in 1995-96= Rs.1,04,500 Withdrawal from GPF/from savings informed to office 3. For construction in 1995-96 = Rs; 2,0...

+27682935641 how to kill someone in 24 hours using voodoo revenge spells in luxembourg ,seychelles

BARBUDA, BENIN, ARGENTINA,CAYMAN ISLANDS, EUADOR, COSTARICA , DOMINICA , FIJI , GRENADA, GUYANA, ISRAEL,KENYA, PANAMA, SAINT KITTS AND NEVIS , ST VINCENT , VENEZUELA ,COMOROS , SENEGAL The best way through which you can get revenge from all your enemies by harming them spiritually and physically is voodoo spells. With simple Haitian voodoo spells through which you kill your enemy at considerab...

+2347936230889 i want to join occult for money ritual in nigeria

WhatsApp:;+[deleted]... The Mission Of The greatzahadurah Temple Is To Encourage Benevolence And Empathy, Reject Tyrannical Authority, Advocate Practical Common Sense, Oppose Injustice, And Undertake Noble Pursuits... This page is for those who are seriously interested in greatzahadurahbrotherhood occult fraternity. People with prejudices and the mob should stay away from here: they would...

Calculation of the Cost of the New flats for the Land owners

Jda signed oct.2012. builder not completed (65% only complete and left august 2017 ) the project. builder proceeded to nclt. association challanged in sc . and finally through mediation under retired supreme court judge , the case settled by S.court order( Sept-2020) to take over the project jointly by the land owners and the association and complete the project with own funds and execute the s...

Legal Opinion Needed for Tax Strategy on Property Sale with Loan Discrepancy

I hope this message finds you well. I am currently involved in a complex property sale transaction and need your expert analysis to ensure that the financial structuring aligns with legal and tax compliance. Sequence of Events and Payments: Initial Amount Transferred: A sum of ₹13 lakhs was transferred at the outset of this transaction. Loan Sanctioned: Subsequently, a loan of ₹87 lakhs ...

In manama, bahrain 【+27640211696】# .. abortion pills for sale in manama, riffa, oman salwa

In Manama, Bahrain__ 【+[deleted]】# .. ABORTION PILLS FOR SALE IN MANAMA, Riffa, Oman Oman ~+[deleted]_//? mifepristone & misoprostol pills in Riffa, Juffair hamad Town, Gudaibiya >>>((??]) https ://www.safeabortionsclinic.com/womb-cleaning/200mcg in Oman Abortion pills Clinic in Oman online, cytotec 200mcg online abortion pills available in Oman cytotec 200mcg price in Oman cytotec 200mcg for s...

NRI Flat Owner May Sell in Dec. 2023 which received in Feb. 2023 by Redeveloped Property

I am the original owner of a flat we purchased in .1973 Our building was redeveloped, and possession given in Feb. 2023. We may want to sell our flat now, but need to know if long-term or short-term capital gains would apply? We are not purchasing any other flat in India. We were told to wait 3 years by one CA. To avoid short-term CG, when can I sell? Also, what do I use as the cost-basi...

NRI Flat Owner May Sell in Dec. 2023 which received in Feb. 2023 by Redeveloped Property

I am the original owner of a flat we purchased in .1973 Our building was redeveloped, and possession given in Feb. 2023. We may want to sell our flat now, but need to know if long-term or short-term capital gains would apply? We are not purchasing any other flat in India. We were told to wait 3 years by one CA. To avoid short-term CG, when can I sell? Also, what do I use as the cost-basi...

NRI Flat Owner May Sell in Dec. 2023 which received in Feb. 2023 by Redeveloped Property

I am the original owner of a flat we purchased in .1973 Our building was redeveloped, and possession given in Feb. 2023. We may want to sell our flat now, but need to know if long-term or short-term capital gains would apply? We are not purchasing any other flat in India. We were told to wait 3 years by one CA. To avoid short-term CG, when can I sell? Also, what do I use as the cost-basi...

TDS when buying jointly owned property (Sellers: NRI + Resident Indian)

I am planning to buy an apartment worth 1 Crore in Bangalore. The property is jointly owned by Daughter(NRI) and Father(Resident Indian). Daughter has given a 'Power of Attorney' to the Father stating all the proceeds from sale of this apartment will be collected by the Father. I have the following questions: 1. How is the TDS to be calculated in case the ownership-split between daughter (...

In uganda, south sudan (whatsapp: +27790324557) how to join the illuminati kingdom for prosperity, f

In uganda, south sudan (whatsapp: +[deleted]) how to join the illuminati kingdom for prosperity, fame power, money and wealth. the illuminati brotherhood offices+[deleted] in kampala, the illuminati brotherhood offices+[deleted] in wakiso, the illuminati brotherhood offices+[deleted] in mukono, the illuminati brotherhood offices+[deleted] in kabale, the illuminati brotherhood offices+[deleted]...

Property Booked in 2013 Agreement done in March 10 2015

Hi i gave an advance amount of 10 lakhs in Nov 2013 and got allotment of the villa with villa number from the builder I paid another 30 lakhs in may 2014 and some installments every few months however the Agreement for sale and construction agreement was franked on 10 Mar 2015 . i got Possession of the villa in November 2018 and moved into the villa after the interior was done in may 2019., i s...

Long Term Capital Gain on ready to move flat

I booked an under-construction flat at the cost of approx 1 Crore in Nov 2021. I have allotment letter dated Nov 2021. As of today, the offer of possession has been made by the builder and now I have paid ALL the amount to builder i.e. 1Cr. Flat registration is not yet done and physical possession not taken YET. Now, if I intend to sell the flat. Let's say I sell the flat for 1.50 Cr. My query...

How to declare foreign stocks under the Schedule FA?

Hello, I receive foreign shares in the form of ESPP (half yearly once) and RSU(quarterly once) from my company. 1. The perquisite value shown in form 16 will be declared in the salary component. 2. The dividend received (after tax with-holding in USA) is shown under Other source of income. 3. Form 67 is submitted. 4. Schedule FSI is submitted as I have sold few shares (purchased from 20...

Capital in case of JDA in the hands of lànd owner

Hi Swarup here ! Kindly guide regarding our case of JDA capital gain. Purchase -INR 2,00,000 ,in march 1997 . 2001 FMV - 3,20,000. Registered JDA date : March 2015 , but due to some issues area share was revised and reduced . From 4500 sq feet to 3700 sq feet. JDA revised ( amendment) date - Oct 2018. Completion date: 31.03.2022. Actual Possession received by builder - 25.08.2022. To...

Mother selling land and buying another land, family members contribution.

Mother sold land bought in 1999 at a gain of 15,08,000 in 2022. The amount is placed in a capital gains account for exemption from capital gains. Assumption: it can used only for construction in the next 3 years or buying house in next two years under 54F. Intends to use it fully for construction from April 2023 till Dec 2023. Now, mother is buying land for Rs. 13,50,000 consideration pric...

Crypto taxes for nri (usa visa holder)

Hi there, I am Raja, a NRI (USA Work visa holder) and I would like to know my income tax obligation in the below scenario I am a cryptocurrency a.k.a virtual digital asset (Bitcoin, Ethereum and etc.,) trader in USA. 1) Buy the crypto currency (Bitcoin, Ethereum) in USA. 2) Send the digital currency to my Bitcoin wallet in India. 3) I sell the digital currency (Bitcoin) from my Bitcoin...

Capital Gains on Resale of Apartment bought through Assignment

Party A (Seller) bought an Apartment directly from Party B (Builder) for Rs.70 Lacs during pre launch 8 years ago in 2014 in Bangalore and Party A deposited 1% TDS in the name/PAN of Party B for this transaction. After completion of construction of the Apartment in 2021, Party A did not register his property and sold the Apartment to Party C (Buyer) for Rs.1.4 Crore through Assignment Agree...

Capital gains

I joined a housing society in 1987 bought a 1650 sq feet flat by instalments from 1988 to 1992 in delhi.which date will be considered for purchase.or date of possestion or date of draw will be considered for income tax purpose. My total purchase price was rs 640000 n 1992.I am paying rs 3000 per year as house tax to municipal corpration with receipt. I am spending rs 4000 on electricity rs 300...