URGENT :Sale of House by NRI
This query is : Resolved
29 September 2008
What can be tax planning to manage long term capital gain if any NRI sells his house having cost 60 Lacs (FY 04-05) for Rs.94 lacs in FY 08-09.
The cost of Rs.60 lacs was incurred by father of NRI who has transferred to him by will.
The cost of Rs.60 lacs was incurred by father of NRI who has transferred to him by will.
30 September 2008
Please clarify:
The year indicated in brackets by you-FY 04-05 is it the year of acquisition by the father or the date NRI got it by will?
The year indicated in brackets by you-FY 04-05 is it the year of acquisition by the father or the date NRI got it by will?
30 September 2008
Dear Sir,
This was year of aquisition by father and in current year NRI got by will.
This was year of aquisition by father and in current year NRI got by will.
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- Event company query
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
Trending Online Classes
CAclubindia
