Capital gain
This query is : Resolved
26 March 2021
Mrs A received property from his husband after his death. Mrs A has 3 childrens Now the property is sold and the total sale consideration is divided to 4 members i.e Mrs A and her 3 childrens in sale deed mentioned the same as joint owners and seperate cheques is handed over to all four. But TDS is made on total consideration to Mrs A and not to 3 children.
Treat the taxability of amount in the hands of Mrs A and 3 children seperately ( khata and other documents are in the name of Mrs A
Treat the taxability of amount in the hands of Mrs A and 3 children seperately ( khata and other documents are in the name of Mrs A
Ganeshbabu K
(Expert)
27 March 2021
Mrs A is owner of the property and liable to discharge complete capital gain tax liability if any applicable on this transaction
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