Don't Worry , Be Happy !
So many times tax payers have asked whether the booking date is at all material for determining the capital gains or possession date or registration date is crucial. taxworry.com has posted numerous article on this topic . For example , Flat Allotment Date is Crucial for the Capital Gains and second article was Can Date...
Section 50C of the I T Act provides that in case a capital asset which is either land or building or both is sold , the valuation for the purpose of stamp duty valauation can be taken as sales consideration for the purpose of computation of capital gains u/s 48 of the I T Act....
VAT is a sales tax on the “agreement for sale” between builder and buyer. .Maharashtra government has issued a notification on the imposition of 1 per cent value added tax (VAT) on the contract price of flats mentioned in the agreement of sale registered on or after April 1.
I purchased a land in Sep 01 for Rs. 10 lacs. The land was handed over to a developer for construction of a building. The cost of construction was to be incurred by Developer and I was to get 45% of constructed area from developer as per agreement entered in Dec 03. The developer constructed...
For the purpose of transfer of flat from a builder or anyone, the question ceratinly hounds mind of tax payer when he sits to decide whther the gain from sale of the house is short tern capital gains or long term capital gains .For deciding the nature of gains , tax payers get confusion about the date...
The proposal of Cyprus government to impose a 7.5% tax on all money kept in fixed deposits in the … [Read More...]
Capital gains exemption u/s 54 provides relief to a tax payer who gets gains on account of sale of … [Read More...]
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