tax for selling property

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..... Hello I purchased a flat in India in 2008 on my spouse (house wife) name, when I was in USA. We both were in USA when the purchase was made. We sold the flat with no profit in 2018 and payment has be .....

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..... en made to my spouse account. Now I would like to know 1. Is this considered as gift? 2. is there any capital gain tax as there is no profit. 3. Any other tax queries which may arise in future. .....

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..... Your suggestions are greatly appreciated. Thanks - Reply By DR.MARIAPPAN GOVINDARAJAN - The Reply = 1. You have to decided whether it is a gift. You may gift the same to your wife. 2. If the gu .....

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..... ideline value is more than your sale value then capital gains tax will arise. Please check it up. 3. Based on the point no. 2, queries may be rised by the Department. - tax for selling property - .....

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..... Query Started By: - Scientific advsr Dated:- 9-2-2018 Income Tax - Got 1 Reply - Income Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - .....

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..... taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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