Situation
There is SHOP of family apportioned(Bantwara) to 5 brothers , which was purchased by their grand mother and uncle in 01/05/1991 for 200000
And now it is sold by all of them on 23/03/2014 for 34 lacs.
Return filing date 31/07/2014 lapsed.
Please answer me what is the capital gain amount in hand of each brother and remedy of not depositing the amount to capital gain account.
CAclubindia
