Sell of parental property
Querist : Anonymous
If we sell parental property will it be a case of capital gain or other sources?
.
Querist : Anonymous
IT IS NOT IN OUR NAME AND OTHER 2 SISTERS HAVE RELINQUISHED THEIR RIGHT.WE SOLD DIRECTLY.
THEN "YOUR GROUP" BECOME THE OWNER BY SUCCESSION. MEMBER'S MAY SHOW CAPITAL GAINS
IN PROPORTION TO THEIR RESPECTIVE SHARE AFTER SUCH RELINQUISHMENT OR IMMEDIATELY BEFORE THE TRANSFER TAKES PLACE.
Click here to login now
Similar Resolved Queries
- Section 270A penalty
- GST Registration Application -Rejected
- GSTR 1- Amend Credit Note
- GSTR 9C- Table 9
- Tax liability on gift amount given to blood relation
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- Acting as an Agent
- Reimbursement of expense- GST applicable or not
- When was the effective CA partnership deed? Can I use old FRN until new FRN alloted by ICAI?
- To Whom the Professional Invoice should be Raise
- E stamp paper purchase
- Problem in filing Returns for International workers in EPFO
- Clarification for reversal of IGST on transfer of duty-free imported goods from EOU to DTA unit
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
Trending Online Classes
-
Live Course on GSTR 9 & 9C for FY 24-25(Detailed discussions, FAQ, Case studies and Live demo of GSTR 9/9C on GST Portal)
Industry Expert16 November 2025
CAclubindia
