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  • Anuj Puri

    11 Oct - 04:00hrs

    Investment opportunities in real estate in 2017

    Anuj Puri Chairman, Anarock Property Consultants

  • Posted By: guest:

    What are Capital Gains on property purchase?

    Posted By: Anuj Puri

    : If you purchase a property for Rs 25 lakh and sell it after five years for Rs 35 lakh, you make a profit of Rs 10 lakh. However, your actual gain will be lower after indexation. Long-term capital gains from real estate are taxed at 20%. You cannot claim regular tax deductions against long-term capital gains.

    Posted By: guest:

    What is the difference between long-term Capital Gains and short-term Capital Gains?

    Posted By: Anuj Puri

    : Short term capital assets Any asset owned by an individual (taxpayer) for less than 3 years since the date of transfer/ownership is referred to as a short term capital asset. This duration should be less than 12 months in case of shares. Long term capital assets Any asset owned by an individual (taxpayer) for more than 3 years since the date of transfer to his/her name is treated as a long term capital asset. This duration is taken as 12 months or more in case of shares.

    Posted By: guest:

    How can I qualify for exemptions on the Capital Gains Tax?

    Posted By: Anuj Puri

    : Provisions in the Income Tax Act, 1961, allow an individual to bring down or avoid paying tax on capital gains from transfer of residential property. To do so, you can either reinvest the capital gains in capital gain bonds or in a residential property. But in both the options, you need to fulfil some conditions to avail the related tax benefits. If you have capital gains from the sale of a residential property and are considering reinvestment to save taxes, take a look at these conditions.

    Posted By: guest:

    What is Stamp Duty? Who is liable to pay Stamp Duty? Do I get tax benefits on Stamp Duty?

    Posted By: Anuj Puri

    : If you have purchased or constructed a house property, you have to pay the statutory fees on this transaction to the Government - namely stamp duty & registration charges. These and other expenses which are directly related to the transfer are allowed as a deduction under Section 80C. The maximum deduction amount allowed under this section is capped at Rs.1,50,000.

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