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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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Upgraded UPI to link current accounts
DNMUM420485 | 8/17/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :310

Mumbai: The National Payments Corporation of India (NPCI) launched the Unified Payments Interface (UPI) 2.0, with features such as overdraft facility, one-time mandate, invoice and signed QR, said a press release issued by NPCI.
The service was
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Love luxury? Live it
DNMUM420437 | 8/17/2018 12:00:00 AM | Author : Priyanka Golikeri | WC :610

Imagine recuperating after a tiring workday by relaxing on the yoga deck, or gorging on a chef curated platter at a temperature controlled infinity sky pool, or enjoying a private barbecue grill, or even better, rejuvenating at a Finnish sauna?
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Isuzu plans to make India export hub
DNMUM420442 | 8/17/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :326

Mumbai: Japanese automobile maker Isuzu plans to make India as its exporting hub and expects its sales in the country to grow around 60% this year on the back of a strong demand for pick-up trucks in smaller cities and towns.
The company, which h
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Carmakers hike prices as Re fall raises input costs
DNMUM420443 | 8/17/2018 12:00:00 AM | Author : DNA Money Correspondent | WC :505

Mumbai: Be prepared to shell more for your dream car. Hit by falling rupee and rising input costs, Maruti Suzuki India (MSI) and luxury carmaker Mercedes-Benz on Thursday announced a hike in the price of their vehicles.
While country’s largest c
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