MUMBAI: The Mumbai bench of the Income-Tax Appellate Tribunal (ITAT) has held that a taxpayer cannot be denied investment-related tax benefits if due to a builder’s fault the taxpayer does not get timely possession of a house in which the reinvestment was made. The Income-Tax Act provides for benefits relating to capital gains tax, where...Read more
Tag Archives: Short Term Capital Gains
What Are The Tax Implications While Selling A Property?
Most people invest in property to see greater returns in the future, but are not aware that ‘timing’ plays a major role in fetching the best returns. While one can sell the property immediately once they see an appreciable market value, they must consider the tax implications on the sale of property. Types of Capital...Read more
