icon Two buyer Two NRI Seller - how many challans

We are planning to purchase a property jointly owned by two NRI. We are two Indians. I understand, that we have to get TAN and deposit the TDS and then fill-up form 27Q. Say the total TDS is 20L. Tota


A. Dear Client,

To address concerns or seek assistance regarding real estate and property matters, it would be beneficial to engage an advocate specializing in these areas. Additionally, you could directly approach the Sub-Registrar office, as they possess expertise in property-related issues and can provide guidance and clarification on legal procedures, documentation requirements, and any other relevant matters pertaining to property transactions. Consulting both an experienced advocate and the ...ReadMore

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icon Refund of TDS

I need to sell my flat of 90 lakhs. Capital gain 15 lakhs. Dealer told me deduct 90k as TDS from 90 lakhs. I do job and come under 30 percent income tax bracket. Can I get refund of TDS after filing I

2 Response(s)

2 months ago


A. Dear Client,
In the scenario you described, where you are selling your flat for 90 lakhs with a capital gain of 15 lakhs, the dealer suggests deducting 90k as TDS. Since your job income falls under the 30 percent income tax bracket, you may be eligible for a refund of the TDS after filing your Income Tax Return (ITR). When filing your ITR, ensure you include details of both your salary income and capital gains. The TDS deducted can be adjusted against your total tax liability, considering your i ...ReadMore

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icon Tax gain - Property selling

Property selling tax gain After selling the property.


A. Dear Sir,
The person who receives proceeds of sale is liable to pay tax to the Income Tax Department and such amount to be used to purchase another house within a certain period.

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Subhashis  Paul

Subhashis Paul

icon Property tax - I have paid high property tax

I have paid high property tax(wrong calculation)for 20 years for my 500 sq ft shop . So I want to file case. I have necessary proof for the same.


A. Dear Sir,
There is a limitation of three years in general for claiming refund of your property tax which was paid under wrong impression. However, there is a principle called “Nobody can enrich himself at the cost of others”. On the basis of such principle you may win the case.

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icon Tax on selling a house

I bought a new house in September 2021 on SBI home loan in a village panchayet area . If I sell this house now for a sale price of my cost price plus bank's total interest till date , will I inc


A. Dear client,
Yes, you will have to pay tax for additional capital gain. To know the exact numbers, please consult a CA.

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icon Section SEC 194-IA / FORM-16B related to property purchase

For a ready-to-move-in apartment unit (1 year old), the Seller wish to sell his flat (currently, living in the same Apartment). Seller has paid TDS for this Property already. All legal set of property


A. Dear Sir,
Please consult Auditor or chartered accountant who are the experts to advice you on the matters relating to finance. The Advocate may not give expert advise on the matter.

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icon Capital gain exemption while selling a flat and repaying the loan for another house?

I am purchasing a house with bank loan. After registration of this house, I will sell my other house and make repayment to the bank. In this case can I claim capital gain exemption? Thank you.


A. Dear Sir,
You may contact any chartered accountant for accurate information and guidance as it pertains to financial matter.

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icon Pending property tax from transferor(previous owner)

Hi All, I purchased my first flat in April 2019. I got the property tax receipt this month(July 2021) from corporation for the period October 2016 to 2020-2021. The pending tax was from October 201


A. Kya aap ke dawara flate lete time jo sale deed likha gya tha usme aisi koi baat likhi gai thi ki bakaya tax aap hi jama karega ya phir landlord jama karega.
Agar aisa likha hai ki bakaya tax land lord jama karega tab aap ek application vibhag ko sari baate likhte hue bheje ki is tax ko purane land lord se vashul kiya jae.
Jab aap property ko dekh rahe the tab aap ki duty thi ki aap uske baare me sahi jaankari prapt kare.
Phir bhi aap vibhag se contact kare or unko apni problems share kare ki ...ReadMore

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Latest Response 2 years ago
Pardeep Kumar Dhiman  Dhiman

Pardeep Kumar Dhiman Dhiman

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Ayantika Mondal @ Prime Legal

Ayantika Mondal @ Prime Legal

icon Property Tax in Pune

Are there any extra charges if property tax is not paid for 2-3 years


A. Dear Sir,
Normally, there will be no extra charges if you do not pay tax for 2-3 years. But, be sure that you pay the tax every year regularly otherwise somebody else pay the tax on your behalf and may create some documents to falsely claim your property.

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Vaidehi  Samant

Vaidehi Samant

Pardeep Kumar Dhiman  Dhiman

Pardeep Kumar Dhiman Dhiman

icon Is cash withdrawal for property purchase a problem?

if we need to withdraw our tax paid savings to purchase a house from our bank. so is there be any income tax concerns in it ? e.g property is worth 50 laks and I need to withdraw around 8-9 lakhs cash


A. Dear Sir,
Property cannot be purchased by paying cash and it will create a problem in future. You may pay all the amounts by way of Bank transfer or through cheque otherwise you will get a problem at future date but there cannot be any problem instantly.

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