Sale of property

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A
36 Points Posted on 31 May 2011

if I sale any inherited property then it will be taxable?

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On 31 May 2011 at 13:39 Report
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chartered accountant
635 Points Posted on 31 May 2011

yes it will be taxable

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On 31 May 2011 at 13:59
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CS CA F Numerologist Astrologer Graph
85935 Points Posted on 31 May 2011

It will be taxable under the head Capital Gains.

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On 31 May 2011 at 14:00
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CA IN PRACTICE
16719 Points Posted on 31 May 2011

YES IT WILL BE TAXABLE             

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On 31 May 2011 at 19:15
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Student CA/CS-Professional
268 Points Posted on 31 May 2011

It is taxable & the charging sec for the same would be Sec 45.

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On 31 May 2011 at 22:06
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Accounts & Tax
185 Points Posted on 31 May 2011

It will be taxable under the head capital gain. Cost of acquisition will be cost to previous year u/s 49(1).

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On 31 May 2011 at 22:52

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