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This tag is to be used for any question related to gain due to appreciation of capital. Typcially Capital gains are treated differently based on the geography and hence a country tag should ideally be used with this.

2
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In short Yes, your father needs to pay tax. Please consult a CA so that he can advice you better. In your father's case at the time of purchase it was agricultural land. However at the time of sale, …
answered Dec 22 '13 by Dheer
1
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You uncle is liable to pay "Capital-Gains" tax. Essentially the sale price less of cost would be treated as gains. The gains are taxed at 10% without indexation and 20% with Indexation. The capital …
answered Jul 4 '15 by Dheer
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If your Only income is Capital Gains and it is below 2.5 lacs and there is no other income... Yes you are NOT required to file a return. However there could be queries as the buyer would have declare …
answered Nov 11 '16 by Dheer
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My question is, how income tax is calculated for partial redemption. Same as normal. The redemption should always be treated as FIFO. Say you are buying 10 units every month [I know the units may …
answered Oct 27 '16 by Dheer
0
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the demat account that I have in India is not an NRI account. Since I was not sure how long I would be in the US, I never converted my account to NRI account. Is it required to convert my account t …
answered Mar 10 '15 by Dheer
1
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Gains Agricultural land is non-taxable. However if the status of the land is changed, it would be Capital Gains, there is no business income here unless the land was bought on Companys name. Please …
answered Aug 24 '14 by Dheer
2
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Dividends: There are tax free in your hands as the company already pays a Dividend Distribution Tax. You would have to declare this in your returns in Schedule EI. Capital Gains: Any gains as a resul …
answered Sep 3 '15 by Dheer
1
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The long term capital gains will be 10% flat or 20% with indexation. Please refer to the Guide From Income Tax for How to Compute Your Capital Gains. The computation is given on page 16 and Index fo …
answered Jun 20 '14 by Dheer
4
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As your is a very specific case, please get an advice of CA. It should not cost you much and make it easier. The sale of agriculture land is taxable in certain conditions and exempt from tax in other …
answered Mar 14 '14 by Dheer
2
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Assuming you are asking about "Tax", the SIP is treated similar to Mutual Funds. The key difference from tax point of view is, every instalment is treated separately. So if you have made monthly inves …
answered Sep 28 '15 by Dheer
0
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do i need to pay any tax on my profit of 15 lakh. Yes you need to pay capital gains tax. This transaction is not exempt as the gains arise in India and hence subject to tax even for NRI. If the p …
answered Sep 2 '14 by Dheer
1
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If you had purchased the land directly from your NRI account in your name [with power of attorney] in your wife's name, it would have been very simple to get the funds back. Whenever you sell the lan …
answered Aug 10 '15 by Dheer
4
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If you have held the stocks longer than a year, then there is no tax apart from the STT that is already deducted when you sell the shares. If you have held the stock for less than a year, you would …
answered May 25 '15 by Dheer
3
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The Transfer of funds outside of Bangladesh is restricted. Any transfers required the permission of Bangladesh Bank [Central Bank]. So the only legal option is to apply for the permission and see if …
answered Sep 4 '14 by Dheer
2
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How do I sell this property legally If you have changed the name legally; there is no issue. You can submit the required documentation and sell the property in Bangladesh. bring the money to …
answered Jul 30 '18 by Dheer

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