We children sold our deceased father's property.my share come near to 28lakh rupees. If I deposit this amount all together into a single bank account will there any income tax deduction come,? if so how can I free from this tax deduction ?,how much deduction come ?because I don't have another property
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Month / Year of purchase of property .
Month / Year of Sale of property .
please mention .
Month / Year of Sale of property .
please mention .
January 4 th 1964 is purchased date of property .our father died on December 10 1985 .We sold property by March 23 2022
You can invest in another residential property entire amount with in 2 years from the date of sale to avoid capital gain tax , please contact to near by CA office for more details, he will guide you all procedure .
Can I deposit the amount into bank account for 2 or 3 month up to purchase of new residential property?
Contact mrgstconsultancy @ gmail.com I ' ll help you regarding this procedure.
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