AMOUNT OF TAX EXEMPTION

DEAR SIR, MY FATHER IS A SENIOR CITIZEN AND DOESNT HAVE ANY SOURCE OF INCOME SINCE 2000, MOTHER WAS STATE GOVT EMPLOYEE AND RET IN YEAR 2011. SHE IS GETTING PENSION AND HE IS GETTING INTEREST FROM THE FD (WHICH IS NOT MORE THEN 6000/- PER MONTH). HOUSE IS IN THE NAME OF FATHER, HE IS PLANNING TO SELL IT NOW AND AMOUNT IS APPROXIMATELY BETWEEN 30.00 LAKHS TO 32.00 LAKHS. WHAT IS THE AMOUNT OF TAX HE HAS TO PAY AND WHAT ARE THE WAYS TO SAVE IT.

asked Jun 04 '12 at 12:39 by zipzapzoom 11

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(Jun 04 '12 at 12:40) Pankaj Batra

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Asked: Jun 04 '12 at 12:39

Seen: 1,796 times

Last updated: Jun 04 '12 at 12:40