Directory CloudListing Details
ID:30923
Title:Capital Gains tax, Save Capital gains tax on sale on property.
URL:http://www.goodmoneying.com/financial-planning/save-capital-gain-tax-sale-property-section-54-54ec-54f-income-tax-act
Category:Finance and Money: Financing
Description:Real estate is surrounded by many income tax provisions. Starting from buying of property, keeping and maintaining the same and continues till selling it out. Understanding of taxation on real estate transaction is very important so one can do the necessary tax planning and save the maximum possible capital gains tax on the sale of property. Taxation aspects related to buying of real estate on loan has been covered in my earlier article on Housing loans. One should also know that keeping second property (if any) idle may attract wealth tax and to avoid wealth tax one must let out the property and come under tax provision of “Income from house property”. There’s nothing called tax free in real estate
Meta Keywords:Capital gain tax , Long term capital gain, capital Gain tax on sale of Property
Meta Description:Capital gain tax , Long term capital gain, capital Gain tax on sale of Property
Link Owner:GOOD MONEYING