Capital gin
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
22 November 2015
Respected all,
I want some suggestion regarding selling of property of my grandmother to third party and distributing cash to all her children. and the house is in my grandmother name
Will any capital gain attract to my grand mother?
And way of distributing the cash to her children? can she give gift dee? RTGS? NEFT?
please do suggest me
I want some suggestion regarding selling of property of my grandmother to third party and distributing cash to all her children. and the house is in my grandmother name
Will any capital gain attract to my grand mother?
And way of distributing the cash to her children? can she give gift dee? RTGS? NEFT?
please do suggest me
23 November 2015
Yes capital gain tax will arise, pay the tax and distribute the amount through RTGS.
Alternatively work out the capital gain after deducting indexed cost of of property and deposit up to 50 lacs in capital gains bonds u/s 54 EC for three years. No capital gain tax will be payable.
Distribute the indexed cost portion of sale value now and capital gain after 3 years.
Alternatively work out the capital gain after deducting indexed cost of of property and deposit up to 50 lacs in capital gains bonds u/s 54 EC for three years. No capital gain tax will be payable.
Distribute the indexed cost portion of sale value now and capital gain after 3 years.
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