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What percentage of tax applicable on sale of property
08-Mar-2023 (In Property Law)
Regarding sale of property at Lucknow. What percentage should i pay Income Tax & on which value?
It depends on several factors. The formula varies depending upon the following aspects:
1. Is your property agricultural, commercial, industrial or residential?
2. Whether it is self-acquired or inherited from parents?
Proper answer can be provided after you provide this information.
Regards
Prateek Mishra, Adv.
High Court, Lucknow Bench
1. Is your property agricultural, commercial, industrial or residential?
2. Whether it is self-acquired or inherited from parents?
Proper answer can be provided after you provide this information.
Regards
Prateek Mishra, Adv.
High Court, Lucknow Bench
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