05 August 2010
bank a/c -----dr 14,00,000 to, house property 225000 to, long term capital gain 1175000 (amount recd on account of sale of house property and capital gain arise of rs. 1175000)
investment in rural capital bond -----dr 850000 to , bank 850000 (amount invested for exemption of long term capital gain)
Querist :
Anonymous
Querist :
Anonymous
(Querist)
06 August 2010
thans pyne sir, once more reply for me sir, Rs.1175000/- where we have to take if its adding to capital as capital gain from property sale or anything else.
06 August 2010
As usal it will be added with reserve & surplus likeaftere tax.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 August 2010
thanks sir once again, one more thing form capital gain I have given Rs.450000/- to my daughter in law. so what proof I have to prepare for it... now its possible after sale property after 3 months.... pls help me sir....
07 August 2010
NO PROBLEM ........ MAKE A GIFT DEED THAT YOU ARE GOING TO GIFT TO YOUR daughter in law(WHO FALLS UNDER RELATIVE) . IT WILL NOT BE TAXABLE IN THE HANDS OF YOUR daughter in law .
07 August 2010
Pls give me the gift deed contains....and what points I have to print on which i have to be careful. thanks alot (which means nothing to your kind replies)
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 August 2010
and also if I gave gift its right to prepare after given to her (what happened if I give gift on feb & prepare gift deed on august. and also if i give gift to my daughter in law where to pur that Rs.4,50,000/- amount on balance sheet & also effect of gift entry.
Querist :
Anonymous
Querist :
Anonymous
(Querist)
07 August 2010
Hello, Sir When I entered in CG-OS Rs.325000/- shown in long term capital gain ? how to solve ? if i do nesessery investment ?
pls solve my que......sorry for your inconvience.....bcs I always need your help...thanks
LET IT BE KNOWN TO ALL by this Deed of Gift that I, …………….. S/o…………… R/o……………….. do, hereby, out of natural love and affection and also out of my free will and without any force, compulsion or undue influence, transfer an amount of Rs………….. to my son Mr……….. X ……… S/o……….. R/o…………….
IN WITNESS WHEREOF, I have signed this deed of gift on …………
In presence of Witnesses: Sd/-Donor………. 1…………….. 2……………….. ________________________________________________________________