Capital gain on sale consideration received by the legal heirs of deceased assessee
Mahedi Sunasara (Chartered Accountant) (31 Points)
25 December 2015Mahedi Sunasara (Chartered Accountant) (31 Points)
25 December 2015
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 25 December 2015
Taxability depend at the time of transfer and not at the time of receipt... as legal representative wife can file the return of husband....
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 25 December 2015
Tax treatment will be same just need a register as representative assessee
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 25 December 2015
Tax treatment will be same just need a register as representative assessee
Mahedi Sunasara
(Chartered Accountant)
(31 Points)
Replied 25 December 2015
Property is in the name of deceased individual. Only advance received upto this date and this advance received by Wife of deceased. is there any exemption available to wife under section 54 of income tax act ?
CA Mehul Chudasama
(Chartered Accountant)
(618 Points)
Replied 26 December 2015
Yeah She Claim Same As his husband
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