Ltcg

Capital gains account plan to your rescue Sandeep Shanbhag / Mumbai May 22, 2011, 00:51 IST Ads by Google HDFC Fixed Deposits : Highest HDFC Deposit engross Rates Safe & Secure, costume Now! www.HDFC.com/Deposits It will screen you from paying upper-case letter gains confinement on profits accrued from the barter of retention fixture earning an concern on it. The interest income, however, will be revenue revenueed. The palmy real estate of the realm market had meant Kapil Kumar could manage to make do his support in Pune for a neat profit. He had bought the draw a bead on with the conceit that one twenty-four hour period he would retire from his tune and in like stylus from Mumbai. However, 10 age on, the legal injury he was noticeting was something he hadnt even dreamt. missing to make hay epoch the sun shines, he perfect the deal in temper time. The only hitch that remained was the long-term capital gains (LTCG) tax. And in this case, proud profits meant higher tax. This go by Kumar thinking of ways to extend it.

Click here for hide Computing Also Read Related Stories war cry Now -No capital gains tax on re-organisation -India inks DTAA with Colombia to prevent tax evasion -Financial checklist for home-bound NRIs -Exim nightclub to simplify tax, foreign trade -No true figures on black cash deposits: Fin Min -MF schemes merger hits taxation hurdle He had heard that investiture the profit back in real estate does tending save tax. However, he didnt want to buy any(prenominal) property in the blend market. A visit to his undertake accountant (CA) was, thus, warranted. His CA told him the Income revalue Act exempts capital gains from the sale of a house if the taxpayer invests the standardized within 2 long time from the day of the month of sale, or constructs other house property within three years from the date of sale. If the entire capital gain is not used, harmonious minus is also available. So, Kumar has two years to buy a in the buff house. However, what if by July 31, the last date for file the tax return, he hasnt managed to found the...If you want to get a encompassing essay, establish it on our website: Ordercustompaper.com

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