Capital gain

This query is : Resolved

T.T.VIJAYAPRAKASH

T.T.VIJAYAPRAKASH (Querist)
Follow

08 February 2019 DEAR SIR,
MR.A & B SALES PROPERTY TO D RS.2,00,00,000/-. MR B. IS NRI AND HIS SHARE RS.100,00,000/-

TDS RATE FOR MR B. AND MR A.

A & B GET THIS PROPERTY AFTER DEAT FROM FATHER MR C

C DEAT AS ON 30.06.2018
A& B SALES TO D. AS ON 1ST FEB 2019
MR A & B CAPITAL GAI FOR IT FILING LONGTERM ARE SHORT TERM?
THANKS TO ALL
.

CA ALOK KUMAR

CA ALOK KUMAR (Expert)
Follow

09 February 2019 It depends upon the period of holding of that property which was transferred after death of C. Period of holding shall be calculated from the date when it was acquired by C till 1St Feb 2019. If this comes more than 2 years, it should be Long term capital gain and below 2 years shall be short term capital gain. For further information you may login to www.wealth4india.com or speak to our expert @9266242424. Thanks

Message likes : 1 times

T.T.VIJAYAPRAKASH

T.T.VIJAYAPRAKASH (Querist)
Follow

09 February 2019 thank to
but my query is
1) MR.C THIS PROPERTY PURCHASES AS FOR THE YEAR MAR 1990 FROM HOUSING BOARD AND HOUSING LOAN TAKEN.
2) THE LOAN CLOSED AS ON 2001.
3) MR.C DEATH BEFORE WRITE ANY NOT WILL
4. MR A & B HOLD AFTER THE DEAT OF MR C. 30.06.2018
5)HOW CALCULATED PERIOD OF CAPITAL GAIN?
THANKS

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

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

CA. MOHIT SHARMA

prakash takane

RAMBIR singh

ANJANA PALIYATH

Mahesh Balanthimugaru

Subscribe Now

Capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA