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Home / Finance / Taxes / I want my part of the property to be sold. Do I need to pay tax and registration for the complete property value?
Q.

I want my part of the property to be sold. Do I need to pay tax and registration for the complete property value?

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1 Year

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1 Answers

0 2023-06-26T17:36:11+00:00

As per my understanding, you might have to pay taxes if you sell a portion of your property. However, your tax amount will vary depending on a number of variables, including how long you owned the property, how much money you made when you sold it, and your tax bracket. In general, you must pay short-term capital gains tax on the profit you made if you've owned the asset for less than a year. It is best to seek the advice of a

NoBroker legal expert

who can give you perfect suggestions on this.

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