29 December 2020
I have received one fourth of sale proceeds of ancestral property as my share. I invested a large part of it in infra bonds. Seller has already deposited TDS @10% as per our form 26. How to show it in ITR.
29 December 2020
Extent notified Infra bonds with 5year locking period are exempted from capital gain , balance gain raised after indexation is taxable @20%
Interest accrued from capital gain bonds is taxed on accrual basis income from other sources along with other head of income if it exceed taxable threshold limit
CAclubindia
