There are many ways to avoid tax when you sell a house. If you buy second property within two years or you build a house within three years, then you will not have to pay any taxes due to profit from selling the house. Due to the rise of more financial institutions and money lenders financing for home constructions becoming easier. This concession of two and three years is also applicable even when you bought the first house before selling the first house. There are a couple of financial institutions available in the financial market which are helping people to sell their own properties to others with fewer tax charges. Wanted to know how much tax you have to pay using this modern stamp duty calculator where you can check & calculate stamp duty online. However, it is necessary for the property to be purchased in the name of the seller. In such cases, if the whole capital gain is not invested then the remaining amount will be long term capital gains tax. However, if the new property is sold within three years of purchase or construction, then the entire tax exemption will be withdrawn. In this, the entire capital gain from the previous home will be considered as a short-term benefit and the normal slab rate will be taxed accordingly. People earn money by hard work, but when this money is cut off from your salaries at the end of the year in the form of tax. It's arguably the most painful one. Everyone wants to cut their taxes at least that’s the reason why people are checking their tax and stamp duty charges with modern tax calculators with those anyone can able to calculate stamp duty and check how much tax they have to pay for on their properties. But taxpayers often do not have enough information about other options. Apart from the Income Tax Act 80C, there are many other income tax laws which get tax exemption in many ways. Today we are going to tell you about some special options. People earn money by hard work, but when this money is cut off from your salaries at the end of the year in the form of tax. It's arguably the most painful one. Everyone wants to cut their taxes at least, but taxpayers often do not have enough information about other options. Apart from the Income Tax Act 80C, there are many other income tax laws which get tax exemption in many ways. Today we are going to tell you about some special options.
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