As a property owner a person can get an array of benefits. Since the land involved with the property is a Capital Asset and the value of the land keeps increasing everyday, the land works as a mean of safety, security and as an investment avenue. A property owner can earn hugely on the sale […]
To understand Capital Gains from selling Co-operative Housing Society flat/plot in West Bengal it is important to understand the specific provisions of the Income Tax Act as provided under: a) Section 54: In case the asset transferred is a long term capital asset being a residential house, and if out of the capital gains, a […]