Long Term Capital Gain
This query is : Resolved
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.
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.
08 June 2010
deposit the amount in the bonds from his bank account...as of now...
09 June 2010
Thanks for the advice But who will sign the documents of bonds
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.
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.
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
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
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Query on effect of registration of property
- GST on reimbursement of expenses
- Equity Share Sale and Purchase
- Goodwill transfer of deceased father’s firm – ICAI applying a 27.04.2026 cut-off to the 3 year limit
- Visiting card purchase
- Additional trade name
- Wrong CMPo8 file
- Whether output tax is taken credit by purchaser
- Number of years as per AS amortisation of Goodwill
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
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
