inherited property

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Bhaskar (Querist)
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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

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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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

Bhaskar

Bhaskar (Querist)
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20 August 2017 will that Bond get interest/dividends

K Srinivas, CMA CS

K Srinivas, CMA CS (Expert)
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20 August 2017 Yes, Bond Investment gets you interest income which will be taxed as income

Bhaskar

Bhaskar (Querist)
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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?

Dhirajlal Rambhia

Dhirajlal Rambhia (Expert)
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15 October 2021 Interest rate is 5.25% paid half yearly.

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