Capital Gain
This query is : Resolved
20 March 2017
Assuming I have recieved 4,00,000 rs for consideration as a part of reliquish her share in property in land through inheritage
Other income Around 50,000
What is the tax treatment
please guide
Reply as earliest
21 March 2017
Answer please
As early as possible
24 October 2021
Treat Sell proceeds of 4 lakhs under capital gain, and derive LTCG. Adding other income of 50K, may not arise any tax liability.
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