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Ltg on sale of inherited office premises

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 November 2014 A wife of B inherited the property office premises in year 2004 and now she want to sale the same in the year 2014-15.A wife is not having any other income except the long term gain on sale of the this property
whether she will get full exemption of Rs. 250000/-from LTG and on balance amount she will be liable to pay the long term gain tax
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Amol S Joglekar

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Amol S Joglekar (Expert)
11 November 2014 yes, she can get the basic exemption limit.
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