inherited property
This query is : Resolved
19 August 2017
my mother got her share of house in 1984 via grandmothers WILL got it registered.
house is almost 125yrs old.
FMV at that time was 12k-15k.
now it is almost 25lacs.
now she want sell it. what will be capital gain.
she doesn't want to buy house. how can she save LCG tax. She is 68yrs now.
pls guide
19 August 2017
Capital gain can be worked out on line.
She can save ltcg by investing in specified bonds like nhai ,recl bonds etc
20 August 2017
Yes, Bond Investment gets you interest income which will be taxed as income
20 August 2017
she doesn't have any other source of income.
can she get monthly or quarterly income from that.
capital gain will be around 23-24lacs, if same deposited in NHAI bond what is the interest rate?
15 October 2021
Interest rate is 5.25% paid half yearly.
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