A House in the Name of a Lady. Lady Died. The House sold by Husband.
Purchased 10 years ago.
Sold in FY 2016-17. Rs 20 Lakhs.
Kindly Explain me about the Tax Implications - Capital Gain and Others. And also how to save Tax, any Exemption available.
Thanks
Thanks Sameer.
And We have to Take this into Accounts of Husband. So how to make the Entry and In Income Tax Return how to Show it.
i.e. How to Show the ASSET - HOUSE.
Do we have to show it as Income from Other Sources or something else ???
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