Gross sales of any of these securities will have to involve prospectus supply and also the services of the retail broker/vendor duly licensed in the right states.
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In simple phrases, it is only the gain gained by the person on sale of the property that may be taxable. Earnings would be the difference between the sale value and the cost of the asset.
If You're not ready to take a position the specified total while in the method mentioned previously mentioned before the day of tax submitting or 1 calendar year from your date of sale, whichever is previously, deposit the specified total within a general public sector financial institution (or other banks as per the Cash Gains Account Scheme, 1988).
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