1. Categories >> Accounting >> Taxation
  2. Suggest New Category

if i baught an house @
1500000 by cash or by
cheque for self use
then how much tax i
liable to pay? if my
annual income is not
taxable, and the buying
power came from earliar
old property.
plz clearify all asked
in one private co.

Question Posted / satish0410


if i baught an house @ 1500000 by cash or by cheque for self use then how much tax i liable ..

Answer / manoj s

PURCHASES OF HOUSE IS NOT SUBJECT TO TAX.. BUT IF U
PURCHASED THAT HOUSE FROM THE SALE OF OLD PROPERTY.. THEN
IF U HAVE ANY GAIN FROM THAT PROPERTY UR SUBJECTED TO
CAPITAL GAIN.. IF U VE INCURRED A LOSS THEN.. U NEED NOT
PAY ANY TAX DURING THE CURRENT PREVIOUS YEAR

Is This Answer Correct ?    2 Yes 0 No

Post New Answer

More Taxation Interview Questions

What is Business?

3 Answers  

Is TCS is collected in respect of Scrape Sales only? If yes then what will Scrape includes?

2 Answers  

cash transaction in a year up to Rs.20,000/- that rule under sec.40-A. It may be any revised rule updated. Please inform me anybody, and also suppose giving cash/cheque it is possible.

1 Answers  

If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?

0 Answers  

IF I DIDNT FILL TDS RETURN I PAYING ALL TAX WHAT IS THE PROCEDURE

2 Answers  




A Old Government Job retired Personnel who is getting his Pension amount@Rs.11000/- per month. He has put his retirement Fund in Bank Deposit for 1 year. No Bank is deducted TDS on that amount. Do we have any way by which his TDS can be refunded or saved

0 Answers  

Are woollen Blankets (Rugs) taxable under CST ? Can unregistered party sell it.

0 Answers  

Dear All, Please help me in VAT/CST I would like know about full detail of Vat-1.Rate,2.Form No. & everything which is convern about CST/VAT Thanks Sanjay Kumar

4 Answers  

pls tell what is TDS CONCEPT IN RELETION TO TRANSPORTOR

4 Answers  

1. Defination of Contractor & sub contractor 2. In cash method of accounting can we claim TDS deducted on Advance Recevied from contractee.

0 Answers  

I AM RECEIVING THE GOODS FROM FACTORY BY STOCK TRANSFER I AM ISSUUING THE FORM- F FOR THE VALUE. IN CASE I AM RETURNING THE GOODS AS REJECTION WEATHER I HAVE TO RECEIVE THE FORM F FROM OUR FACTORY CONFIRM ME

1 Answers  

i want about TDS full details with Limit,Rate and Entry in Tally ?

0 Answers  

For more Taxation Interview Questions Click Here
Categories