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capital gains tax for senior citizens

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2011 Sir,
My mother is a senior citizen & she sold a plot for Rs-15 lakhs,purchased in 1983 for Rs-3000/,will she have to pay capital gains tax.She has no income & is 78 years old.Pl advise.
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CA KRISHNA KUMAR DARUKA

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CA KRISHNA KUMAR DARUKA (Expert)
22 June 2011 Yes she will have to pay long term capital gain. Indexation benefit will be available to her.
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CA SURENDRA KUMAR RAKHECHA

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CA SURENDRA KUMAR RAKHECHA (Expert)
23 June 2011 Income Ka "Umra" ( Age ) Se Koi Lena Dena Nahi Hai.

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Yadi Income Hai, To Tax Dena Padega.

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