you can invest kharar rather u should go for investing in mohali.u can find no of projects like emarmgf ansalapi etc.better u choose plot than flat-lalit arora...

If your wife is an independent tax payer and there exists an agreement between you two that you will get market rate of interest on the amount of loan advanced, then, interest income is taxable in your hands. Rent received will be taxed in her hands. Therefore, the clubbing provisions will not apply....

Dear nishudhawan, as u gave a loan to ur wife on which u r actually receiving interest & also paying tax on this int. amount, hence the rental income can`t be clubbed with ur other income. The rental income `ll accrue to ur wife only & she `ll have to pay tax on it. There is more good news to U, as she purchased the property from the loan (provided by u), she can set off the interest amount paid to u against her rental income. thanks Ashal...

One more data is required to furnish a correct reply. What was the cost of the house which was sold in August 2008? Please visit the website incometaxindia.gov . in and read Section 45 and Section 54. You will understand the reason for asking this information. Prima facie, on the scanty data furnished, it appears you will not have to pay any capital gains tax, but it depends on the cost of the original asset....

Can somebody advise as to which is better place to invest in property(flat). Kharar, in punjab or Manikonda, (in Hyderabad).
Time frame is 7-10 yrs. Investment amount is 25 lakhs.
Kharar seems to be Rs 1000-1200 sft and manikonda 2000-2500 sft for flats.

Thanks...
...

Can somebody advise as to which is better place to invest in property(flat). Kharar, in punjab or Manikonda, (in Hyderabad).
Time frame is 7-10 yrs. Investment amount is 25 lakhs.
Kharar seems to be Rs 1000-1200 sft and manikonda 2000-2500 sft for flats.

Thanks...

Thanks sir
...

Sir/Ma`m
I transferred money to my wife and she bought one property. The transfer was on loan agreement at market rate of interest. I will be giving tax on the interest accrued. Will the rental received still be clubbed in my income?
Thanks...

Thank You Mr Subasu...

Sir/Ma`m,
I have capital gain from property sale. The gain is of 14 lakhs in Aug 2008. I have taken a loan for building house in 2007 for Rs 15 lakhs. The completion was in feb 08. Till now I have paid Rs 60000 principal and 250000 as interest.

Am I exempt from capital gain tax. If not then what is my liability?
Thanking you,
Nishu...