by niranjan | Sep 19, 2016 | Finance, Taxes
Whenever one sells a house after holding it for a period of 3 years, the gains from the sale of the house is eligible for taxation under the Long Term Capital Gains section. It is only 20% of the gains, after indexation – as against the usual tax that is 30% of all...
by niranjan | Apr 13, 2015 | Basics, Finance, Real Estate, Taxes
No sooner that I had sent out the post on Long Term Capital Gains, I got a lot of feedback that it was not the registration date, but the date on the allotment letter that has to be considered for calculation of the Long Term Capital Gains. I relied on a Tax Lawyer...
by niranjan | Apr 10, 2015 | Basics, Finance, Real Estate, Taxes
If a residential property is held for 3 years and then sold and the gain from such a sale is invested in a residential property within 2 years of the sale (3 years in case of a house under construction), then the entire gain is tax free. Being in the business of real...
