Capital gain

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 July 2013 MY MATERNAL GRANDMOTHER SOLD HER HOUSE LAST YEAR IN WHICH SHE WAS RESIDING AND RETURN WAS FILED ACCORDINGLY.
THIS YEAR HER BROTHER SOLD HIS HOUSE IN WHICH HE WAS RESIDING BUT THE DOCUMENTS OF THE HOUSE SHOWED THE NAME OF ALL BROTHERS AND SISTERS DUE TO WHICH MY MATERNAL GRANDMOTHER GOT SOME SHARE. I WANTED TO KNOW HOW TO SHOW IT IN INCOME TAX RETURN AND WILL THE AMOUNT RECEIVED BE TAXABLE?

15 July 2013 By applying a proper computation of sold property value, using index.. And there is gain, tax shall be applicable on amount on cap. Gain.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
15 July 2013 I dont have any figures of the property so in order to get ded. u/s 54 will have to deposit all the money recd. in capital gain account?

18 April 2017 Very old query need to be closed now


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro

Follow us
add to google news


Answer Query



Company
ARTICLESHIP 28 June 2026
Article Assistant

Sharma Chetan And Company

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
ARTICLESHIP 27 June 2026
Article

SNCO

Mumbai

CA Inter

View Details
Company
25 June 2026
Accounts & Taxation Executive

Dindukurthy & Associates

Hyderabad

MBA

View Details
Company
04 June 2026
Semi Qualified CA

Goyal Puneet & Associates

New Delhi

CA Final

View Details
Company
ARTICLESHIP 27 June 2026
CA Articled Trainee And Paid Assistant

SKAA & Associates

New Delhi

CA Inter

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details