Cg on ancestral property sale distribution
This query is : Resolved
26 December 2025
My father s ancestral property was directly sold without first transfer to our name. The sale agreement was with us, the three brothers and three cheque were given on the three names.
The proceeds are further distributed to the grand children on our own.
How should the CG be calculated and reported in ITR by us and the grand children
The proceeds are further distributed to the grand children on our own.
How should the CG be calculated and reported in ITR by us and the grand children
26 December 2025
Calculate the net capital gains after indexation.
Divide the gain among three sons. Declare the gain in the three brother's ITR and pay tax accordingly.
Tax liability over their children does not arise.
Divide the gain among three sons. Declare the gain in the three brother's ITR and pay tax accordingly.
Tax liability over their children does not arise.
26 December 2025
Thank you for a quick explanation
26 December 2025
You are welcome.
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