26 March 2014
My grany purchase 1 plot on 1975 for Rs. 8000. She want to sold this property for Rs. 4000000 and this Sale consideration amount disribute amongst his sons and daughters... then what is the procedure of Tax at this situation....
26 March 2014
Assuming your grany sold that plot in F.Y 2013-14 then she has Long term capital gain Loss of Rs.35,120/- means she didn't have any taxable income so there is no tax liability and no need to any tax plannings.
CAclubindia
