Capital gains & foregin Remittance
This query is : Resolved
24 January 2020
Sir, I am selling a plot . The LTCG is roughly 70 lac. I am going to pay the requisite capital gains, .what ever balance amount - can I send it to my son who is in the USA ( he stays there for the past 10 yrs )
Kumar
Sir, I am selling a plot . The LTCG is roughly 70 lac. I am going to pay the requisite capital gains, .what ever balance amount - can I send it to my son who is in the USA ( he stays there for the past 10 yrs )
Kumar
24 January 2020
Yes you can send the amount to your son no problem. Send it under liberalised remittance scheme.
25 January 2020
Sir, Thank you very much. Thank you sir,
GOD bless you.
Thak you
GOD bless you.
Thak you
25 January 2020
Welcome...............
05 July 2020
SIR, this lad sold was total 88 cents. I had power ( not title ) for 50 cents & my wife had clear title for 38 cents . The purchaser a single person showed the total value as 119 lac - paid 1 % ie - 1.19 lac TDS IN my name .Paid me 78.81 lac . Paid my wife 39 lac. Thuse for me -- 78,81 +1.19=80 lac +wife - 39 lac.
Now I have paid the capital gains for my amount after indexing, after appropriating brokerage .
so also for my wife.
Now how do I fill. LTCG.There is a provision for joint buyer , but is there a provision for joint seller?.
Now I have paid the capital gains for my amount after indexing, after appropriating brokerage .
so also for my wife.
Now how do I fill. LTCG.There is a provision for joint buyer , but is there a provision for joint seller?.
06 July 2020
Provision available for joint seller. Capital gains tax has to be paid independently for their portion.
You are a power of attorney holder of non resident. 20% TDS applicable on entire sale consideration of non resident seller.
You are a power of attorney holder of non resident. 20% TDS applicable on entire sale consideration of non resident seller.
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
- Showing Gift from relative in ITR for this year
- ITR selection for salaries and capital gain less than L
- Share accounting-->fifo - capital gain - period as per fifo?
- Treatment of Pension ?annuity returns on PMVY
- Soyabean hsn code and gst rate
- ITR filing- non tax audit cases- Asstt.Year 2026-2027
- BIS Certificates
- NON- SUBMISSION OF LLP FORM 3
- Scrutiny assessments u/s 143(2) for AY 25-26
- Regarding IMS Mandatory from 1st July 2026
- Gst invoice numbering and delivery challan numbering
- Standard Deduction claim for EPFO Pension and ICICI Prudential Life Annuity
- Small dealers gst returns filing
- 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
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
