Sale of house property

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

29 October 2015 my mom had sold an house property which was purchased in the year 2007-2008. this is theonly flat we had, which we are selling for meeting the medical expenses of my brother who is suffering from lukemia. how can make her tax liability to the minimum.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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29 October 2015 Work out the capital gain and deposit for 3 years in 54EC bonds no capital gain tax payable. Spend the balance amount for medical expenses.