• Short-term investment

I am going to sell my house. Please kindly tell all types of taxes that I have to pay to the government? Also mention their rates. I expect to get  1 crore then how much should I expect to remain with me?
Asked 3 years ago in Property Law from Kolkata, West Bengal
if you have held the asset for more than 3 years, it is treated as long term. in present case you have held asset for only 2 months .

 short-term gains  are included in the investor's income and are taxed as per the slab rate.
Ajay Sethi
Advocate, Mumbai
37871 Answers
2122 Consultations

5.0 on 5.0

you have to contact your chartered accountant to work out these details . as mentioned earlier the gains are added to your income and you would have to pay tax as per slab rate under which your income falls
Ajay Sethi
Advocate, Mumbai
37871 Answers
2122 Consultations

5.0 on 5.0

Ask a Lawyer

Get legal answers from top-rated lawyers in 1 hour. It's quick, easy, and anonymous!
  Ask a lawyer