26 November 2023
My mother had sold the property for Rs. 10000000/- on Oct 2023 and purchase price was Rs. 1085500/- Year of Purchase of Sold Property: 2008
So what shall be Capital Gain as per LTCG
As my father is no more so as per law property is sold on my mother and my name there we had received Rs. 50 lac on each account
We had purchased new property worth Rs. 3500000/- each of us so what shall be the tax amount i need to pay
28 November 2023
Thank you Mr. Seetharaman sir my mother is retired personnel (private) and she receives pension of 1400Rs/month and rest no income whereas my ctc if 12 lac/annum so do i need to pay tax?
CAclubindia
