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Only spouse can be second holder in senior citizen plan

DNMUM402517 | 12/7/2017 | Author : Harsh Roongta | WC :401


I purchased my first flat in October 2012 for Rs 30 lakh. I sold it in August 2017 at Rs 40 lakh. I purchased the second flat in August 2017 for Rs 90 lakh. Both the flats were bought via home loan. Please suggest on capital gains tax.
--Sahil Shah
Based on the facts stated by you, there is no question of any long-term capital gains tax (LTCG). Your cost of acquisition in October 2012 is Rs 30 lakh. The index value for financial year 2012-13 was 200 while the index value for financial year 2017-18 is 272. Therefore, the indexed cost of acquisition works out to Rs 40,80,000 as follows. Since the indexed cost is more than the sale price of Rs 40 lakh, you will not have any LTCG chargeable to tax. In fact, you will b
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Aqua Asana
DNMUM414320 | 5/18/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :662

The global yoga fad is now brimming in water.  Well…literally! Aqua yoga is gaining in immense popularity at upscale wellness centres and resorts, with wellness enthusiasts taking a dip in salt water pools or hot water tubs to perform intricate as

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DNMUM414326 | 5/18/2018 12:00:00 AM | Author : Team Zeegnition | WC :1053

With the launch of the Yaris, Toyota has entered a highly competitive segment to take on the established players. Toyota is hedging its bet on the growing demand of the customers who don’t just want more features and equipment but also safer cars. We
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Tata Nexon goes Clutch-pedal-less with new AMT variant
DNMUM414327 | 5/18/2018 12:00:00 AM | Author : Omkar Shendge | WC :465

With the stylish Nexon, Tata Motors has a massive hit on its hands. Since its launch, the company’s market share in the UV segment has quadrupled and sales show no signs of plateauing yet. Now, to bump up sales even further Tata has just added AMT or
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Paytm allows account to account transfer
DNMUM414328 | 5/18/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :183

Mobile wallet app, Paytm, has launched a feature that will allow customers to transfer money from any bank account to any bank account at zero charges. Even non-KYC Paytm users can avail this facility, said a press release issued by One97 Communicati
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