Dear sir,
If a person buying a urban land of 14 lakh it is necessary to deduct TDS for consideration paid of such person???
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TDS for sale of land
Replies (4)
NOT APPLICABLE
Dear Dhirajlal Sir,
My father expired 15 yr back, In their name one flat of 20 yr old & We are 3 brothers of legal heir of the property, we sold the flat for 20 lac. can we pay I Tax on the money recd.
Pls reply
@ Ajay Kulkarni:
Capital gain over the flat after indexation of COA from 1996 to 2016 is to be calculated.......
All the 3 brothers who have divided the sale value (after any cost of selling) are liable for 33.33% of the LTCG thus arrived. The tax can be saved by the equivalent of amount in CG bonds u/s. 54EC.
@ Ajay Kulkarni:
Capital gain over the flat after indexation of COA from 1996 to 2016 is to be calculated.......
All the 3 brothers who have divided the sale value (after any cost of selling) are liable for 33.33% of the LTCG thus arrived. The tax can be saved by investment of equivalent of amount in CG bonds u/s. 54EC.
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