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Buying Process questions and answers. All your Buying Process questions answered by our experts and thousands of other members. Get professional Buying Process answers to your questions. Get started by asking a new Buying Process question now.
Muhammad Usa..
( 1 post )

[1 answer]
What is wealth tax? What is the percentage of the wealth tax to be paid on new purchased property ?

    387 days ago In Buying Process
    Post Reply
    Aftab Khatta..
    (98 posts)
    I dont have that much of information but i am submitting my wealth return for last many years. In the wealth return, you have to show, how much you have property and then from where u got this money. If you have undeclared 4 cror and u buy a plot, offcourse u have to show, from where u got this money and tax department can ask these questions. U can show this 4 cror as personal income and then pay tax as per personal income tax or business tax.

    U can check this with a Chartered accountant or a tax consultant who is active in such advises.
      387 days ago 

      Post Answer (1 answer)
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