CA CHETAN GUPTA (CA) (588 Points)
26 June 2017A House in the Name of a Lady. Lady Died. The House sold by Husband.
Purchased 10 years ago.
Sold in FY 2016-17. Rs 20 Lakhs.
Kindly Explain me about the Tax Implications - Capital Gain and Others. And also how to save Tax, any Exemption available.
Thanks
sameer
(student)
(48 Points)
Replied 26 June 2017
CA CHETAN GUPTA
(CA)
(588 Points)
Replied 27 June 2017
Thanks Sameer.
And We have to Take this into Accounts of Husband. So how to make the Entry and In Income Tax Return how to Show it.
i.e. How to Show the ASSET - HOUSE.
Do we have to show it as Income from Other Sources or something else ???
sameer
(student)
(48 Points)
Replied 27 June 2017
CAclubindia
