capital gain on sale of an ancestral agri land
This query is : Resolved
satish khandve
(Querist)
03 February 2011
we have 1 acre land which is received from grand father to father and which is under 8 km from municipal limit and population is more than 10,000 in this year of the villege . a
are weliable for capital gain tax on that?
details as under:
name on 7/12 exact:-father
type of land :-acestral (grand father)
member in family :-father,mother,1 sister and 3 brother
sale consideration:-1 crore
consideration devidetion:- equally in all family member (20 lacks each)
date of sale:-01.03.2011
type of documents:-with development agreement
my query are under:
1.which persons are liable to pay capital gain tax ?
2.what are the option to save tax
3.is inter partition deed requred to make before sale of the property ?
4.what is mothers and sisters tax liability ?
5.pune city villege lohgaon
please guide us
are weliable for capital gain tax on that?
details as under:
name on 7/12 exact:-father
type of land :-acestral (grand father)
member in family :-father,mother,1 sister and 3 brother
sale consideration:-1 crore
consideration devidetion:- equally in all family member (20 lacks each)
date of sale:-01.03.2011
type of documents:-with development agreement
my query are under:
1.which persons are liable to pay capital gain tax ?
2.what are the option to save tax
3.is inter partition deed requred to make before sale of the property ?
4.what is mothers and sisters tax liability ?
5.pune city villege lohgaon
please guide us
Guest
Guest
(Expert)
03 February 2011
Let me know the nearest city within 8 Km of your village.
Message likes :
2 times
Dhirajlal Rambhia
(Expert)
07 November 2021
1. Your father.
2. Sec. 54F & 54EC..
3. Not valid.
4. None
2. Sec. 54F & 54EC..
3. Not valid.
4. None
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