Ltg on sale of inherited office premises
This query is : Resolved
Querist : Anonymous
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
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
11 November 2014
yes, she can get the basic exemption limit.
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
- Income tax return change regime form necessary or not?
- Sale of goods to the purchasing party
- Tax Audit Mandatory or Optional
- OLD REGIM AND NEW REGIM
- Machinery taking back from repair work shop
- Resignation of auditor and appointment and cfss
- IS AUDIT MANDATORY IF COMMISSION INCOME IS MORE THAN 50 LAKH
- HOUSING LOAN ISSUE
- Format of Physical Letters submitted at ASK ( Aayakar Sampark Kendra)
- Clarification Required on Filing Form 141 for Joint Buyers
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
