The below mentioned Family Income and This Family has purchase two house in delhi on the name of Person A, one in Nov 2011 with register value is Rs. 900,000 and second in Aug 2012 with Register Value of Rs. 1300,000 and now they want to sell the both house on the June 2013.
|
Financial Year |
Assessment Year |
A |
B |
C |
D |
E |
Total |
|
Asseesse |
Mother |
Sister in Law |
Brother |
Father |
|
||
|
Taxable Income in ITR |
|||||||
|
2009-10 |
2010-11 |
105,000 |
- |
- |
- |
- |
105,000 |
|
2010-11 |
2011-12 |
131,000 |
185,000 |
180,000 |
180,000 |
180,000 |
856,000 |
|
2011-12 |
2012-13 |
180,000 |
180,000 |
190,000 |
180,000 |
180,000 |
910,000 |
|
2012-13 |
2013-14 |
420,000 |
200,000 |
200,000 |
200,000 |
200,000 |
1,220,000 |
|
|
|
836,000 |
565,000 |
570,000 |
560,000 |
560,000 |
3,091,000 |
|
Query 1 |
Is there any problem as per Income Tax, they together all the money and purchase in the name of one person. |
|
Query 2 |
In FY 2013-14 how to show the capital gain and income details in ITR. |
|
Query 3 |
Is any others documents need to submit at the time of ITR. |
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