Capital gain exemption u/s 54
This query is : Resolved
28 October 2015
an Inherited Property in Name of Ram(1st name) & Shyam(2nd name)..The inherited Property is sold and entire proceeds is recieved by Ram ( Note:Sale value was Rs 50lacs and capital gains comes to Rs 30 lacs)
..after receiving full consideration Ram thereafter transferred part consideration of Rs 25 lacs to Shyam who purchases a property for Rs 40Lakhs within stipulated time u/s 54.. What will be the Capital gain taxable in hands of Ram?
..after receiving full consideration Ram thereafter transferred part consideration of Rs 25 lacs to Shyam who purchases a property for Rs 40Lakhs within stipulated time u/s 54.. What will be the Capital gain taxable in hands of Ram?
28 October 2015
Indexation has to be applied and capital gain of Ram has to be calculated.
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