Capital gains
This query is : Resolved
07 June 2011
Mr. A died intestate leaving behind him his widow Mrs. X,Mr. A and Mr.B two major sons of Ms. Y a married daughter. Mr A had two immovable properties each one held jointly with one of the two sons. Mr A, MR. B and Ms Y relinquised their rights in the inherited properties in favour of their mother. Will they be liable to pay capital gains tax on relinquishment of rights in such properties ? And if they are liable to capital gain tax for such relinquisments, what will be the tax implications when their mother sells the said properties and rights received on relinquishment by her children?
13 June 2011
Please read the query your self and do the necessary rectification.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Supply through E-commerce Operators
- Rent lease agreement
- Sales return eway bill
- Relief u/s Section 89
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- GST ON DAMAGED GOODS
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- STCG on ETF gold & silver
- If there is Long term capital gain exists how much total income to be considered
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- STCG FOR GOLD ETFs
- Loan by Partnership Firm
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
