Taxation

gopesh singh (Querist) 30 November 2013 This query is : Resolved
Respected Sir

1.I had booked a plot on june 2010 for a sum consideration of rs 58lacs(rs 48 lacs plot price+rs 10 lacs car parkings charges,maintenance etc) for which i paid 20 lacs rs as booking amount.I made the rest of the payment in june 2012 along with penalty of rs 2 lacs of which 15 lacs rs was sourced through selling of jewellery.

2.Now i am offered possession of the plot.I am planning to sell the plot for a sum consideration of rs 80lacs and investing in another property.

3.Kindly tell what kind of tax liabilty would i incur.

Follow Query

Report Abuse