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How to show Long Term Capital Gains on sale of House in ITR

If you have sold house, property, land or building, also called as immovable property after 3 years then you have Long term Capital Gains and have to fill Schedule CG in ITR2, ITR3 etc. This article talks about how to show Long Term Capital Gain on sale of house in...

Terms associated with Home Loan

Roti, Kapda aur Makaan is the basic need of every individual and we all dream of having a home. But homes are expensive and Home Loans can make dream of owning a house a reality. Home Loan is offered to individuals who wish to purchase or construct a house. The...

Payment of TDS on Property

The buyer of an immovable property, valued at Rs 50 lakh or more, is required to pay TDS to the government. This article explains what is TDS on property, who pays it, how it is paid. Since when was the rule introduced? How to interpret limit of 50 lakh in case of EMI...

How to Calculate Capital gain Tax on Sale of House or property?

How much tax do I have to pay for selling my house or property?  What will be the tax implications for me or my father/mother on the sale of house? What are taxes on selling the inherited property? What is the tax liability on selling a house if my parents sell the...
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