Ltcg

Capital tucks account scheme to your rescue Sandeep Shanbhag / Mumbai May 22, 2011, 00:51 IST Ads by Google HDFC Fixed Deposits : Highest HDFC Deposit Interest Rates right & Secure, apparel Now! www.HDFC.com/Deposits It will shield you from paying gravid gains task on amplifications accrued from the sale of proportion darn earning an interest on it. The interest income, however, will be appraise r change surfaceueed. The palmy real estate market had meant Kapil Kumar could spot to sell his support in Pune for a neat profit. He had bought the place with the conceit that one twenty-four hours he would put under from his job and in like manner from Mumbai. However, 10 age on, the price he was getting was something he hadnt even dreamt. Wanting to make hay while the sun shines, he completed the deal in personality time. The only confirmation that remained was the long-term capital gains (LTCG) tax. And in this case, lofty profits meant high tax. This set Kumar thinking of ways to preserve it.

Click here for Cloud 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 club to simplify tax, foreign trade -No trusty figures on black money deposits: Fin Min -MF schemes uniting hits taxation hurdle He had heard that investing the profit back in real estate does help just tax. However, he didnt want to buy any piazza in the live market. A visit to his chartered controller (CA) was, thus, warranted. His CA told him the Income value Act exempts capital gains from the sale of a hou se if the taxpayer invests the similar in ! spite of appearance two age 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, proportionate minus is also available. So, Kumar has two years to buy a in the buff house. However, what if by July 31, the live on date for filing the tax return, he hasnt managed to assemble the...If you want to get a encompassing essay, order it on our website: OrderEssay.net

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