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15-02-09
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#1 |
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Income Tax Law for Capital Gain on Property selling.
Hello All,
I wanted to get some info related to procedure of paying tax on Capital gain. Recently I sold my property, even though registration of property in the name of new buyer was done in month of May 08, I received the major protion on money in the month of Dec 08. So I was wonderting if I do not reivest this Capital gain in another property before March 09, do I have to pay income tax for Year 08-09? Thanks Makarand |
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22-10-09
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#2 |
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When docs were transferred to buyer? count 6 months from that time, It has nothing to do with receipt of payment.
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| capital, gain, income, law, property, selling, tax |
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