capital gains...
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
09 August 2010
a person XYZ purchased a flat for 78 lakhs on 28/05/2009. he sold a plot for rs.50 lakhs on 29/10/2009(originally purchased in F.Y 1999-00). he is already having a residential house, now what would be the capital gain & effective exemption in case where his son wants to file ITR in name of XYZ as he(XYZ) is dead on 29/01/2010 ??
Please help....
Please help....
Aditya Maheshwari
(Expert)
09 August 2010
There was a gain on sale of plot and house porperty was purchased and the assessee was owner of only one more residential flat at the time of purchase of flat so exemption u/s 54F allowable.
The ITR will be filed by the father PAN and writing estates of Mr. ABC (thorugh legal heir XYZ)
The ITR will be filed by the father PAN and writing estates of Mr. ABC (thorugh legal heir XYZ)
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