Regarding Long term Capital Gains

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

23 March 2010 Sir...

I am struggling about this for about 3mths.. my father is retd employee aged 63 and recently i.e in aug2009 he sold out a vacantsite @10.8lacs whichwas purchased in 1995..in dis reg i want 2 know da deductions beside sec 54 b.cos we hav no plans to acquire anothr asset nor to invest elsewhere..so pls suggest me the possible event of claiming the max deduction in othr ways as 20% ltcg tax on net ltcg in un affordable for us.. for ur note my dad is a handicapped person.and the date on which the return has 2 b filed awaiting for your reply..sir..

shakuntala chhangani

shakuntala chhangani (Expert)
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25 March 2010 pls give information about date of purchase and purchase price as also the type of disability of ur father.

Querist : Anonymous

Querist : Anonymous (Querist)

25 March 2010 thanks 4 ur concern on my query mam,the asset was aquired on 2ndjuly 95 at a price of 60K.and father's disability %is 60. mam i thnk sec 80 ded. cant b absorbed from net ltcg if am not wrong, any how i rely upon experts opinion, awaiting ur reply mam.thanku.

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