Pls solve my query


This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 August 2010 https://www.caclubindia.com/experts/capital-gain-treatment-450290.asp

thanxs experts,

04 August 2010 your query has been solved please check.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
04 August 2010 thanxs for reply but i want to know about entry in balance sheet & P&L too...

05 August 2010 bank a/c -----dr 14,00,000
to, house property 225000
to, long term capital gain 1175000
(amount recd on account of sale of house property and capital gain arise of rs. 1175000)


investment in rural capital bond -----dr 850000
to , bank 850000
(amount invested for exemption of long term capital gain)

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 August 2010 thans pyne sir,
once more reply for me sir,
Rs.1175000/- where we have to take if its adding to capital as capital gain from property sale or anything else.

thank you once again sir,

06 August 2010 As usal it will be added with reserve & surplus likeaftere tax.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2010 thanks sir once again,
one more thing form capital gain I have given Rs.450000/- to my daughter in law. so what proof I have to prepare for it... now its possible after sale property after 3 months.... pls help me sir....

thanks alot for instant reply.

07 August 2010 NO PROBLEM ........
MAKE A GIFT DEED THAT YOU ARE GOING TO GIFT TO YOUR daughter in law(WHO FALLS UNDER RELATIVE) . IT WILL NOT BE TAXABLE IN THE HANDS OF YOUR daughter in law .

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2010 Pls give me the gift deed contains....and what points I have to print on which i
have to be careful. thanks alot (which means nothing to your kind replies)

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2010 and also if I gave gift its right to prepare after given to her (what happened if I give gift on feb & prepare gift deed on august.
and also if i give gift to my daughter in law where to pur that Rs.4,50,000/-
amount on balance sheet & also effect of gift entry.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
07 August 2010 Hello, Sir
When I entered in CG-OS Rs.325000/- shown in long term capital gain ?
how to solve ? if i do nesessery investment ?

pls solve my que......sorry for your inconvience.....bcs I always need your
help...thanks

07 August 2010 GIFT OF MONEY TO DAUGHTER IN LAW


LET IT BE KNOWN TO ALL by this Deed of Gift that I, …………….. S/o…………… R/o……………….. do, hereby, out of natural love and affection and also out of my free will and without any force, compulsion or undue influence, transfer an amount of Rs………….. to my son Mr……….. X ……… S/o……….. R/o…………….


IN WITNESS WHEREOF, I have signed this deed of gift on …………


In presence of
Witnesses: Sd/-Donor……….
1……………..
2………………..
________________________________________________________________


07 August 2010 AS THIS IS VOLUNTARY GIFT. NO NEED TO REGISTER JUST PURCAHSE ASTAMPPAPER OF RS 50 ON BACK DATE. AND ALSO SIGNED ON BACK DATE.

JUST PASS THE FOLLOWING ENTRY

GIFT -----------DR
TO, BANK.

CAPITAL ...............DR
TO , GIFT.

07 August 2010 AS YOU HAVE ALREADY MENTION THAT YOU HAVE INVESTED IN RURAL BOND . THEN NO NEED TO INVEST.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details
Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
CA Article Assistant/CA Drop Out/Accounts Executive

PARV & Co.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

K R Kiran Kumar & Associates

Bengaluru

CA Inter

View Details
Company
24 August 2026
Semi-Qualified CA/CA Finalist - Tax, GST, Audit & Accounts

Bharat Shah & Associates

Mumbai

CA Inter

View Details
Company
17 August 2026
Chartered Accountant with US GAAP Experience

Austin Med Solutions Pvt Ltd

Bengaluru

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details