Longterm capital gain
This query is : Resolved
22 June 2014
Sir 1plot I sold in jun/14 on44lacs wich is Purchase in May 2004 in 2.20lacs.I already purchase 1 Res.house on 80% on my name &20% Wife name with Hosing Lone for tax benifit for both of us in jan2012.
My father is expired in 2011one House on his Name today If I give my Longterm capital gain Full amt to my 1Brother& 1Sister for left their Part on property. (Can I purchase their Hissa with paying full stamp duty with Registry in ragistar office ) In this case can I Claim capitalgain examption
My father is expired in 2011one House on his Name today If I give my Longterm capital gain Full amt to my 1Brother& 1Sister for left their Part on property. (Can I purchase their Hissa with paying full stamp duty with Registry in ragistar office ) In this case can I Claim capitalgain examption
23 June 2014
you should be able to. given that you have only one residential asset on the day of sale of the plot.
23 June 2014
you can bur the shares in house claim u/s 54F In which you but from all sale consideration of plot then you exempt from capital gain.
23 June 2014
Yes I have 1Res.House already .now this is 2nd House wich is my fathers name now I want to convert fathers house on my name (Brother & sisters Hissa official purchase by doing Registry with full stamduty paid ) Can I get Capital gain exemt
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
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Regarding TDS Applicability For Director Remuneration
- LC charges in relation to Asset purchased should be Capitalised ?
- Transporter Declaration form
- FORM 26A APPLICABILITY
- Value of property in capital gain
- Copyright software
- Opting our of sec 44AD
- GST Treatment of Insurance Commission for Existing GST Holder
- Cash gift by grand mother to her grand daughter
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
