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Akarsh Goel (Lawyer)     05 August 2021

PROPERTY TAX

Is a tax given for property sold at market rate instead of collector rate comes under Income tax and if it comes, how much tax is payable. General discussion is going on.


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Rama chary Rachakonda (Secunderabad/Telangana state Highcourt practice watsapp no.9989324294 )     05 August 2021

on sale of immovable property like lands etc. comes under Capital gain. It can be defined as any profit that is received through the sale of a capital asset. Immovable properties are comes under capital assets. The profit that is received falls under the income category. Therefore, a tax needs to be paid on the income that is received. The tax that is paid is called capital gains tax.Calculation of tax can be followed in income tax website. 


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