Capital Gains Tax in India on Ancestral Property
Do capital gains tax applies to ancestral property? One of my relatives has sold his property but he is going to invest that money in buying a new house. He has no PAN card. Will he have to file his gains next year?
Question: Do capital gains tax
applies to ancestral property? One of my friends has sold his ancestral house,
but he is going to invest that money in buying a new property.
Answer: Yes Pankaj, one of my colleagues
sold his ancestral house... read more
by Pankaj Pathak 8 years ago
Capital Gains Tax India on Sale of Residential PropertyCan somebody please help me understand the income tax treatment of capital gains tax on sale proceeds of residential property?
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You work hard to build a fortune that you can pass on to your kids, or otherwise distribute however you desire on your passing. It is your money. Shouldn't you be able to do whatever you want with it, within our legal boundaries of course?What business does the government have taxing your estate...
by Mikel G Roberts 7 years ago
I believe Capital Gains should be the most heavily taxed form of income there is. As much as 90% should go to support the social system that makes the capital gains possible.Being given money simply because one has money, should be treated as the bullying that it is.I believe the formation of this...
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The Buffet Rule is that anyone who has income of $1 million a year should pay 30% income tax. What's wrong with that?
by warden76 6 years ago
So, Mitt's taxes came out today...paying 13.9% this year. Oddly, he ended up paying more to the Mormon Church than he paid in taxes. Does it seem odd that somebody who has not paid into Social Security for years can comment on ending it? So...thoughts? Is this guy one of you? Do you still support...
by Nick Lucas 7 years ago
I don’t understand this concept that Obama and many liberals keep clinging to…..So allow me to make it simple. If everyone is taxed at say 10% people who make more do pay more as 10% of a greater amount is more……example 10% of 100 = 10 ...
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