S
Savita V
How do you determine accumulated profit and loss mid financial year in LLP
J
Jay
Buy Amazon gift card manually and sell it for cash it's ligal ( like business up to par month 45lakh)
Facebook
Twitter
Linkedin
Would require more clarity on the nature of transaction for commenting on tax implication. Do reach us on +91 8861200411
T&C applyA
Anuj Nepalia
I have finalized to sell my flat at 20.5 lacs, but buyer is asking to make Sale deed of 22lacs so that he can get more loan since he do not have required amount for down payment. Please suggest on which amount do i jave to pay tax if my my flat is sold?. Will it be on 20.5lacs or 22lacs?
Sale value will be considered as Rs 22 Lakh or Stamp Duty Value whichever is higher. In no case it will be Rs. 20.5 Lakh if deed value is Rs. 22 Lakh.
GNB & Associates 27 Jan 2020As legal documents show the sale value as 22l, we will have to consider it as consideration..even stamp value would be paid on such value. In case of any further help, please feel free to contact us.
T&C applyP
Priya
If I am going to sell my house for 80lakhs, which is already under home loan 25lakhs, how to reduce my tax
You can save tax by making investment in new house, by making investment in govt bonds. If you don't wish to buy a house now, you can invest in capital gain Fixed deposit and buy house with two years of the date of sale. Time limit for some of the investment is six months from the date of agreement. For detailed information you can contact me on jainabhi189@gmail.com.
T&C applyK
Kiran Tr
How to take 50lakhs from a person without paying tax.
If the person is your relative as per the Income Tax Provisions, you can take a gift from such person without any tax liability. If not a relative, such person can transfer the sum through a will.
T&C apply
