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Liability of capital gain tax on a person having no income
14-May-2023 (In Tax Law)
What will be the base year for a house built 80 years ago? If this house is sold for 2 crores -by person having nil income - is he still liable for capital gain tax? What amount out of Rs. 2 crores will be capital gain tax amount
Everything is dependent upon the exact type of property? When it was built and alll for calculating the captil gain all the factors are considered and yes there are few exceptions we can get examption
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Adv. Prasad Sudhakar Bhosale
Pune | 25+ Answers
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Your tax liability will be calculated by considering the indexation benefits by considering the base year and if you re-invest the Capital Gain then your tax liability can be significantly reduced
For more detail you can contact
For more detail you can contact
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Adv. Bhavik V. Raval
Kalyan | 25+ Answers
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