Tax implications in selling Ancestral Property to Goans.Albert writes:-When any house is sold evaluation of the house with respect to 1981 has to be done .This is done by the govt valuear and he brings down the value of the house as per this date of selling it. Then one has to pay capital tax or buy capital bonds. Ealier it was investment in SIDDBI or Nabbard. Now it is railway bonds and there are others on the list. These bonds are for three years . Thereafter you are free to deposit your money anywhere. The value of the house is taken as per the value mentioned in the sale deed. This is for Indians buying houses in Goa. If you are a goan buying the house and you are born in Goa and married in Goa then the value is divided into two. Husband and wife fifty fifty percent albert _________________________________________________________________ Chose your Life Partner? Join MSN Matrimony FREE http://www.shaadi.com/msn/matrimony.php
