Tax on Selling shop

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....ax on Selling shop<br> Query (Issue) Started By: - subhash g Dated:- 18-2-2016 Last Reply Date:- 18-2-2016 Income Tax<br>Got 1 Reply<br>Income Tax<br>Hi, I have sold one shop in current financial yea....

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....r for around 40 lacks at govt rate which was bought at around 5 lacks 7-9 years back. So how much i have to pay tax for this and how can use that money efficiently and can that money be used in build....

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....ing or other expenses. Reply By MARIAPPAN GOVINDARAJAN: The Reply: You have to pay income tax on capital gains considering the index for capital gains. It is advised a tax consultant may be consulte....

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....d in this regard.<br> Discussion Forum - Knowledge Sharing ....