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: short-term capital gain
Must Knows
Tax on commercial property: Tax on capital gains, rent and more explained
Property has been one of the oldest investment avenues in India, which existed before the advent of various financial products like direct equity and mutual funds. If you have given commercial space for rent, … 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
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
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
