Capital gains & foregin Remittance
This query is : Resolved
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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.
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