Sir
Can anyone clarify how much tax seller has to pay if for example he purchased a plot for 90 lac and now selling for 1.2 crore. Is it 10 % of the selling price or 10 % of the gain? :pkf
MALIK® replied on Monday, July 4, 2016 04:40 AM
Its 10% of the profit gained |
BAJWA® replied on Monday, July 4, 2016 04:42 AM
Dear dont be confused its simple its Capital Gain Tax so its applicale on profit or gain of property.it is sample as apply on stock exchange. |
MALIK® replied on Monday, July 4, 2016 04:54 AM
So CGT will be 3 lac |
humayun replied on Monday, July 4, 2016 10:22 AM
Yes this will be 3 lacs and will be paid at time of filing income tax return . |
