Capital gains
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 January 2014
My Widow Mother purchased Residential House on 16/05/1985 and died on 26/12/1993. The Inherited Residential Houses property having FOUR Legal heirs sold for Rs.30 Lacs during the F.Y.2012-13. I have received 25% share of Rs.7.5 lacs. Will it attract capital gain tax? How to calculate it?
13 January 2014
Hi
Yes, it is taxable!
You can calculate tax here:
http://finotax.com/income-tax/cgcalc
Thanks
Yes, it is taxable!
You can calculate tax here:
http://finotax.com/income-tax/cgcalc
Thanks
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