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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS Challan - change of FY 2025-26 to TY 2026-27
- Price inclusive or exclusive of GST while made entry in P& L Account
- Gst registered proprietorship firm
- Minimum tax payable to file Updated return
- AUDITOR APPOINTMENT FOR THE YEAR ENDING MARCH 27
- GST ISSUE OF INPUT AND OUTPUT GST
- Tax rate change regarding
- UDIN ISSUE
- GST Intimation due to Government took possession of Business Premises under PPE Act
- SALARY CAN BE CAPITALIZE
- Non filing of I T Returns
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Starting trading business
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
