Sale of property
This query is : Resolved
Deepal Patel
(Querist)
02 April 2014
My friend have 3 brother they sale thier late father's shop on 90 lakh and distribut equal 30 lakh among all 3 of them so, what's the tax libility aries to my friend or is any tax saving schems . They want to get monthly interest.
Nikhil Kaushik
(Expert)
03 April 2014
liability shall arise under capital gains. you can reinvest under 54f to claim exemption. or 54ec.
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