Help this guys,
Mr's A father purchased a property as on 10/04/1992 on his own name for Rs.2,50,000. than he registered 1/2 of this property on the name of Mrs B wife of Mr A and other 1/2 in the name of his other son Mr C as on 12/04/2012. After few days he expired. Now as neither of Mr A or Mrs B has any interest in such property as they already have one property. Now they want to sell their portion of property to Mr. C who lives in that house for Rs. 15,00,000. But Mr. C doesn't have such big amount with himself, so he proposed Mrs. B to register the property on his name, than he will rent out such property and whatever amount he receives from the rent, he will pay such amount monthly to Mrs. B till the total amount reaches to Rs.15,00,000. Such propasal will be shown in the sale deed also.
Now how to compute capital gain if Mrs. B opted for such propasal and make sale deed as on 29/01/2014 ?
CAclubindia
