| Question And Answer | |
|---|---|
| Subject: | Sale of Property |
| Category: | Income-Tax |
| Querist: | Ramesh |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Capital Gains, Profit on sale of property |
| Date: | July 15, 2024 |
Dear Sir,
I Sold my property in the year 2023 for a sale consideration and made a separate agreement for the sale of furniture & fixtures.
So both the Building cost and Furniture & Fixtures cost credited to my account separately.. Building Sale Stamp duty paid and TDS Deucted 1 %
For Furniture & Fixtures made an agreement in Rs.200 stamp paper but deducted 1 % TDS by the Buyer.
Do I need to pay any capital gain or any tax on the sale of Furniture & Fixtures in this or totally exempted.
Secondly in ITR 2 , where i will record this.
Request your guidance.
Reply of the Expert is awaited. Please check back later
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org