What is capital gains tax?
Capital gains tax is the government-determined tax that has to be paid on the profit from the sale of an asset. The responsibility to pay capital gains tax arises on sale of a property … READ FULL STORY
Taxation
Tag: long-term capital gain
Taxation
What is long-term capital gain?
Capital gain refers to the profit that one earns through the sale of a capital asset, such as real estate, or even stocks or bonds. It is the difference between the selling price of … READ FULL STORY
Must Knows
Taxation of profits from the sale of assets used in business and exemptions on such profits
Like all sorts of income, profits made by way of business activities are taxed under the income tax laws in India. As is true of all incomes, the tax payer also enjoys a variety … READ FULL STORY
Must Knows
Claiming exemption from capital gains tax with no taxable income? You still have to file your ITR
Presently, less than 4% of the entire population of India files its income tax return (ITR). Consequently, successive governments have been introducing various measures, to enhance the tax payers’ base. Finance minister Nirmala Sitharaman, … READ FULL STORY
NRI
Important rules for NRIs investing in Indian real estate
Non-resident Indians (NRIs) have been a significant segment of investors, in the Indian real estate market. NRIs generally buy properties in India for investment purposes or out of their emotional connect with their country … READ FULL STORY
Taxation
How is profit from the sale of a house property calculated?
‘Capital gains’ is one of the income heads, under the Indian tax laws. Any profit from the sale of a capital asset, is taxed under the head ‘capital gains’. Holding period as the basis … READ FULL STORY
Taxation
What is long-term capital gains tax on property: 5 things you must know
Many home buyers are often confused when it comes to understanding the applicability of long-term capital gains (LTCG) tax, when they sell a property. Let us check out five important things related to LTCG … READ FULL STORY
Property Trends
Budget 2019’s capital gains proposals can boost the property market
The sale of immovable property, which is held by an individual for more than 24 months, attracts long-term capital gains (LTCG) tax of 20 per cent on the profit (net consideration minus expenses incurred … READ FULL STORY
Taxation
Income tax implications, for treating constructed flats and offices as capital assets
The income tax laws provide various heads of income, for taxation, depending on the nature of activities carried out by you. One particular income may be taxed under the head ‘Profits and Gains of … READ FULL STORY
Taxation
How often should you switch a property investment?
Switching from one property investment to another, can be a crucial decision for investors. This situation may arise, when investors find a better opportunity for returns on investment in a property other than the … READ FULL STORY
Legal
Legal and taxation aspects to consider, before selling a residential property
Selling a home requires as much due diligence as buying one, to ensure that there are no disputes and to get the proper return on investment. While legal and taxation aspects are the two … READ FULL STORY
Current News
Budget 2017 analysis: Experts believe middle-class home buyers have been ignored
While the real estate fraternity has largely welcomed the announcements in the Union Budget 2017-18, certain sections in this sector, apart from the affordable housing segment, as well as buyers, are still trying to … READ FULL STORY
