Home > Money > Question

Sign In | Create an account

Language:

Now in हिन्दी too

Need Expert Advice?Our Gurus Can Help

Selling Penthouse for 2.3 Crore: Tax Implications for Ashok Ghai?

Vivek Lala |305 Answers |Ask -Follow

Tax, MF Expert - Answered on Oct 25, 2024

Vivek Lala has been working as a tax planner since 2018. His expertise lies in making personalised tax budgets and tax forecasts for individuals. As a tax advisor, he takes pride in simplifying tax complications for his clients using simple, easy-to-understand language.
Lala cleared his chartered accountancy exam in 2018 and completed his articleship with Chaturvedi and Shah. ... more

Asked by Anonymous - Jul 26, 2024Hindi

Money

Dear Mr Vivek I am salaried person and selling my pent house at noida @2.30 CR and my buyer need to pay all amount in cheque or bank transfer please advise the tax and tax gain etc and further if i buy new house the owner want A and B amount .which is deal with all land lord happened please advise can i go with all A if so than tax ? thanks and regards Ashok Ghai

Ans: Hello, need some more details for the same
Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Users are advised to pursue the information provided by the rediffGURU only as a source of information to be as a point of reference and to rely on their own judgement when making a decision.

MoneyReply

You may like to see similar questions and answers below

Mihir Tanna |1030 Answers |Ask -Follow

Tax Expert - Answered on Apr 26, 2024

Asked by Anonymous - Mar 21, 2024Hindi

Money

I sold my father's house for Rs 2.30 crores and bought another house for 1 crore 40 lakhs Out of the amount I received for my sold property I transferred 28 lakhs to my sister's account as a gift from my side Pls note i just transferred the money didn't give it like a gift deed How much tax would I need to pay

Ans: I understand that you got flat in inheritance as legal hair as sole owner of property for income tax purpose. In case entire capital gain amount is invested in another property as per specified conditions, no tax on gain amount of property.

Further with reference gift deed, tax will not depend on execution of deed, however, it is advisable to execute gift deed.

Samkit Maniar |180 Answers |Ask -Follow

Tax Expert - Answered on Jun 17, 2024

Question by Masoom - Jun 14, 2024Hindi

Money

Dear Sir I have received 4 flats from Developer in exchange of giving our house for redevelopment. Now I want to sell one of my flat which according to deal will 51 lakhs. The purchaser is only able to give me 6 lakhs in cash & rest 45 lakhs he will arrange in loan from bank. hence kindly advise me will the amount I receive be taxable. Also note as we have received my flats against redevelopment there is no valuation mentioned on Registration papers. Kindly advise will I have to pay tax on 45 lakhs

Ans: The cost of your house prior to redevelopment will be split in the proportion that you have received 4 flats and thereafter cost will be arrived and then indexation will be applicable accordingly which will inflate your costs. Will require the details of when the flat was bought and at what rate to answer in detail.

Please reach out to your CA as well before moving ahead.

Vivek Lala |305 Answers |Ask -Follow

Tax, MF Expert - Answered on Nov 04, 2024

Question by SA - Oct 20, 2024Hindi

Money

Myself 55 years old,, i am going to acquire a residential house (47year old) property by way of will from my mother,, i want to sell it at a price of 150 lakhs what will be the tax i need to pay ,, educate me

Ans: Yes the tax will be applicable as if your are the owner of the property when it was purchased by your mom
There are different ways to calculate the taxes

Do let me know your views on this on my LinkedIn profile, attaching my profile :
https://www.linkedin.com/in/ca-vivek-lala-21a2038b?utm_source=share&utm_campaign=share_via&utm_content=profile&utm_medium=android_app

Latest Questions

Dr Dipankar Dutta |912 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 05, 2025

Question by app - Mar 05, 2025Hindi

Career

I have a jee percentike of 93.64 in 2025 what colleges can i get?

Ans: Your college options depend on your category and home state

Dr Dipankar Dutta |912 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 05, 2025

Asked by Anonymous - Mar 05, 2025Hindi

Career

If I got 89.31 percentile kya mujhe koi nit mil jayega

Ans: It depends on your category and home state

Dr Dipankar Dutta |912 Answers |Ask -Follow

Tech Careers and Skill Development Expert - Answered on Mar 05, 2025

Asked by Anonymous - Mar 05, 2025Hindi

Career

I SCORED 75 PERCENTILE IN JEE MAINS SESSION 1 2025 (ST CATEGORY) . WILL I BE ABLE TO SIT FOR JEE ADVANCED 2025 ?? PLEASE REPLY MY QUERY.

Ans: Yes! Definitely

Prof Suvasish Mukhopadhyay |466 Answers |Ask -Follow

Career Counsellor - Answered on Mar 05, 2025

Question by Nagasubbareddy - Mar 05, 2025Hindi

Career

Sir jee mains ews 99.61 perecentile nit trichy getin cse

Mihir Tanna |1030 Answers |Ask -Follow

Tax Expert - Answered on Mar 05, 2025

Question by ASHISH - Feb 01, 2025Hindi

Money

why one will have to pay tax at all if there is no income tax for those earning up to Rs 12 lakh per annum?

Ans: Technically there is no tax if taxable income upto 12 lakh (except special rate income), as you get rebate equivalent to tax charged. So you have to calculate tax as per slab rate first and reduce tax liability by way of rebate.

Nayagam P P |4269 Answers |Ask -Follow

Career Counsellor - Answered on Mar 05, 2025

Question by Utkarsh - Mar 04, 2025Hindi

Career

What rank to expect at 96 percentile 2025

Ans: Utkarsh, Approximately it works out to 50K (+/-). Best wishes for your JEE Advanced preparation!

Follow RediffGURUS to Know more on 'Careers | Health | Money | Relationships'.

Prof Suvasish Mukhopadhyay |466 Answers |Ask -Follow

Career Counsellor - Answered on Mar 05, 2025

Question by Amit - Mar 05, 2025Hindi

Career

Dear sir my son get 84.5851713 score in jee mains under EWS categories can get admission in CSC branch in govt. College

Ans: There is slim chance.

Prof Suvasish Mukhopadhyay |466 Answers |Ask -Follow

Career Counsellor - Answered on Mar 05, 2025

Question by PD - Feb 21, 2025Hindi

Career

Can I become a psychologist via online studies (anywhere in the world)?I am looking for a career shift at 40, and psychology excites me (my background is Masters in STEM not psychology related).

Ans: Search in net.

Prof Suvasish Mukhopadhyay |466 Answers |Ask -Follow

Career Counsellor - Answered on Mar 05, 2025

Asked by Anonymous - Jan 17, 2025Hindi

Career

Hi I'm a data analyst who have 6 years of experience in India will I get a job in Gcc countries? If yes what will be my starting salary ? Also is there any institutions which can help me with my job hunt in UAE? Like Kuwait, Saudia arabia, Baharain , Oman

Ans: Yes, regarding salary I can't comment.Search in net for organizations who can help you for placement in gulf countries.

Prof Suvasish Mukhopadhyay |466 Answers |Ask -Follow

Career Counsellor - Answered on Mar 05, 2025

Asked by Anonymous - Feb 25, 2025Hindi

Career

HELLO, I AM 36 YEARS OLD AND HAVE BEEN WORKING IN THE BANKING INDUSTRY AS AN ASSISTANT BRANCH MANAGER FOR THE LAST 10 YEARS. I WISH TO MOVE TO AI AND ML. I HAVE A COMPUTER SCIENCE DEGREE(BTECH 2011). I HAVE QUIT MY JOB AND AM NOW DOING CERTIFICATIONS. CAN SOMEONE PROVIDE A ROADMAP?

Ans: You need to contact the companies who are recruiting people for AI and ML.But your experience of banking will have negative impact.

See more questions »

DISCLAIMER: The content of this post by the expert is the personal view of the rediffGURU. Investment in securities market are subject to market risks. Read all the related document carefully before investing. The securities quoted are for illustration only and are not recommendatory. Users are advised to pursue the information provided by the rediffGURU only as a source of information and as a point of reference and to rely on their own judgement when making a decision. RediffGURUS is an intermediary as per India's Information Technology Act.

Video Reply
Audio Reply

WhatsApp
Facebook
Twitter
Copy link

Delete

Close

Dear User, You have not registered yet. Please register by filling the fields below to get expert answers from our Gurus

Sign up

email

uname

mobile no

Country Code

Mobile number

By signing up, you agree to our
Terms & Conditions and Privacy Policy

Already have an account?

LOGIN

x