{"id":59953,"date":"2026-05-31T10:51:43","date_gmt":"2026-05-31T05:21:43","guid":{"rendered":"https:\/\/itatonline.org\/digest\/?post_type=qa&#038;p=59953"},"modified":"2026-05-31T10:51:43","modified_gmt":"2026-05-31T05:21:43","slug":"tax-applicable-guidance-required","status":"publish","type":"qa","link":"https:\/\/itatonline.org\/digest\/qa\/tax-applicable-guidance-required\/","title":{"rendered":"tax applicable guidance required"},"content":{"rendered":"<p>Dear sir ,<\/p>\n<p>old 50 years rented property\u00a0 purchased @ Rs 5000 \/= and paying rent Rs 100\/= per month area 120 sqft &#8211;received from my father which has\u00a0 redeveloped in year 2015 with ownership bases new flats given to us . now after 10 years stay we wish to sold at Rs 50 lakhs . In redevelopment i have paid Rs 5.0 lakhs for parking space at ground level.<\/p>\n<p>NOW WHAT WILL BE TAX ? As already i have one flat on ownership bases available .<\/p>\n<p>any tax saving scheme is available ?<\/p>\n<p>or<\/p>\n<p>i can gift to my wife and then sale and buy new property on wife name is tax saving method is ok ? as any flat not on that name.<\/p>\n","protected":false},"comment_status":"open","ping_status":"closed","template":"","qa_expert":[1275],"qa_category":[23],"qa_tag":[24,459],"class_list":["post-59953","qa","type-qa","status-publish","hentry","qa_expert-law-intern","qa_category-income-tax","qa_tag-capital-gains","qa_tag-redevelopment"],"acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa\/59953","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa"}],"about":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/types\/qa"}],"replies":[{"embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/comments?post=59953"}],"wp:attachment":[{"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/media?parent=59953"}],"wp:term":[{"taxonomy":"qa_expert","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_expert?post=59953"},{"taxonomy":"qa_category","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_category?post=59953"},{"taxonomy":"qa_tag","embeddable":true,"href":"https:\/\/itatonline.org\/digest\/wp-json\/wp\/v2\/qa_tag?post=59953"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}