Capital gain
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
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....
then How tax on Capital gain would arise...
Any Tax saving method in this situation...
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....
then How tax on Capital gain would arise...
Any Tax saving method in 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.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 March 2014
My sale Consideration was Wrong....
New Sale Consideration is 40,00,000/-
New Sale Consideration is 40,00,000/-
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- GST Regis.
- Should I include march foreign salary received in April in my income for FY 2023-24?
- Tax on capital gains revoked us 54f
- Inventory of finished goods
- HSN Details in IFF/GSTR-1 & in GSTR 9
- Quiery in relation to GST liability in case of an advocate who has obtained GST registration.
- Clarification on Documentation of Paid-Up Capital Contribution by Directors
- Sale of property furniture sale
- Filing of Form 10BB instead of Filing Form 10B
- Applicability of Ind As to associate of associate
- GST Registration Cancellation books of accounts asked by officer
- TDS Deduction Online Learing Platform
- Point (III) 9 of GSTR-9C
- As per our records, find the below outstanding demand(s)* and interest payable u/s 220(2):
- Regarding transaction th. credit card
- MIS MATCH OF INVOICE NUMBER
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
Trending Online Classes
CAclubindia
