Long Term Capital Gain

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kutbuddin (Querist)
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08 June 2010 Dear Sir
One of our client have gained Long Term Capital Gain.Now the client have died before investing the said gain as per section 54.
So in whose hands will the gain taxable??
The legal heirs are in dispute, if the dispute is not settled before the time limit prescribed in section 54 so how can they save the long term capital gain tax.Plz reply with relevant sections.

CA Shiv

CA Shiv (Expert)
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08 June 2010 deposit the amount in the bonds from his bank account...as of now...

kutbuddin

kutbuddin (Querist)
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09 June 2010 Thanks for the advice But who will sign the documents of bonds

kutbuddin

kutbuddin (Querist)
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09 June 2010 Dear Sir
One of our client have gained Long Term Capital Gain.Now the client have died before investing the said gain as per section 54.
So in whose hands will the gain taxable??
The legal heirs are in dispute, if the dispute is not settled before the time limit prescribed in section 54 so how can they save the long term capital gain tax.Plz reply with relevant sections.

kutbuddin

kutbuddin (Querist)
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20 September 2010 Now the time limit for investing is also over as six months have passed on as well as the due date u/s 139 has also been passed on now is there any provision for condonation of the said delay

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