12 August 2019
My father in law purchased house in 1969 and he passed away in 2015. we five(mother,daughter,3 sons) have sold the house for 1 crore. each one received rs 20 lakhs and it's mentioned in sale deed also the capital gain computed as 60 lakhs
now mother has invested 20 lakhs and others invested rs 60 lakhs(20 lakhs each in rec bonds) for my share i did nothing(Bonds or property purchase) whether i need to pay tax or no need to pay tax for the investment of others (as they have invested above capital gain) We received the amount thru bank only. pls give suggestion Thanks
13 August 2019
Thank you sir, i am residing in abroad shall i invest a house property within 2 years without depositing in capital gain account scheme ?
CAclubindia
