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Income Tax

How o Calculate Stamp Duty Value in Capital Gain Tax ?

How o Calculate Stamp Duty Value in Capital Gain Tax ? - Stamp duty value is the value asses sable by any authority of a State Government for the purpose of payment of stamp duty. Income Tax  section 50C​​ defines that computation of capital gain arises due to transfer of land or building or both, if the actual sale consideration of such land and/or building is less than the stamp duty value, then the stamp duty value will be taken as...

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Income Tax

How To Get Income Tax Rebate on Capital Gains ?

​How To Get Income Tax Rebate on Capital Gains ? - Number of times common Income Tax query regarding Capital Gain Tax " whether any bonds available to claim capital gains tax relief? " As per the notification released by Income Tax  section 54EC  One Can claim Income tax relief by investing the long-term capital gains in the bonds issued by the NHAI or National Highway Authority of India or by the Rural Electrification Corporation Limited (RECL). Read Also : Does...

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Income Tax

Does Rental Income Chargeable under Income Tax ?

Does Rental Income Chargeable under Income Tax ? -  As per the Income Tax Law the Rental income is  charged to the owner under the head “Income from house property”. Read Also : Can I Pay Rent To Parents or Spouse For HRA Benefits? Tenets are free from the charges to the Income Tax from Income from house property. Hence, rental income received by a tenant from sub-letting cannot be charged to tax under the head “Income from house property”. Such income...

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