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Long term capial gains

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PROPRIETOR
552 Points Posted on 22 July 2021
properly purchase by father in the name of minor son name since long. His brothers treated this property HUF property . After partion . share sales by one member . please calculation of long term capital gains in this regard .
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On 22 July 2021 at 12:58 Report
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Chartered Accountant
24588 Points Posted on 22 July 2021
Please elaborate in details
129 Reply
On 22 July 2021 at 13:45
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PROPRIETOR
552 Points Posted on 22 July 2021
Property acquired before fy 2000-2001. Partition in the fy 2021-22. Please clarify the purpose of long term capital gains
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On 22 July 2021 at 18:42
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Chartered Accountant
86505 Points Posted on 23 July 2021
If no consideration received in transfer of property, then same is considered as gift.

Gift received from relative is exempted, so no liability arise.
814 Reply
On 23 July 2021 at 06:37
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PROPRIETOR
552 Points Posted on 23 July 2021
Also sales in fy 2021- 22 , please clarify the purpose of long term capital gains
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On 23 July 2021 at 09:52
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Chartered Accountant
86505 Points Posted on 23 July 2021

Clarify about the transaction taken place, so we can respond properly.

814 Reply
On 23 July 2021 at 10:43
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Chartered Accountant
24588 Points Posted on 23 July 2021
It should be treated as LTCG
129 Reply
On 23 July 2021 at 11:20


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