Sale of house after death of spouse

CA CHETAN GUPTA (CA) (588 Points)

26 June 2017  

A 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