Property issue.
This query is : Resolved
15 August 2011
a 1950 property of old lady, introduced the names of her 3 sons in 1993 for the whole, further 2007 all 4 of them divided the property, moreover old lady gives power of attorney to left 2 sons for selling the land, now 2008 a piece of land 2400 sqft is sold which was deserted, acquired by illegal miscreant's any how sold in less value upto rs 12laks divided 6 laks each, now 2011 income tax assess the value at 30 lakhs, what does this mean, shld the 2 sons file there pan card number, whats the capital gain to be submitted by each, as they have not shown that money till yet.
?
?
15 August 2011
First of all you get the property valued from a registered valuer as on 1st April, 1981 and thereafter you apply the index cost to calculate the capital gain.
You have made the query so clumsy that it is very difficult to understand.
You have made the query so clumsy that it is very difficult to understand.
15 August 2011
can acknowledgement of circle-rates in 1993, work out, as land size is 204 sq-mtrs
or still registered valuer would be required for the same
or still registered valuer would be required for the same
16 July 2023
"Sorry, I am not a featured member."
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
For featured members contact....
https://www.caclubindia.com/catalogue/featured.asp
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
- GSTR-1A How to update Invoice
- Excess salary payment.
- Stamp Paper for partnership firm change new income tax 2025
- TDS on Purchase of Immovable Property by NRI from NRI
- Current Account Opening for Sole Proprietorship with Udyam Certificate - Zero Turnover
- Capital gain from sale of house property
- INTEREST APPLICABLE ON ITC REVERSAL PORTION
- Regarding TDS Applicability For Director Remuneration
- FORM 26A APPLICABILITY
- Annual return in Gst
- 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
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
