Dear Sir/Madam, Through a registered gift deed dated 04th August 2025, my mother has gifted her self acquired flat in Mumbai to me, basis of which I have become 100% owner now. She had originally purchased this flat in September 1993 out of her own funds. The flat, originally measuring 355 sq ft, is under redevelopment stage and due to FSI benefit, the new flat to be allotted is for 472 sq ft. However, I have also opted to purchase an additional area of 23 sq ft in this flat, due to which I will receive the new flat measuring…
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My spouse and I had purchased a 1BHK flat measuring 355 sq ft in Mumbai in Feb 2024. Our building is now under redevelopment and we are entitled to get a flat of 472 sq ft. In the meanwhile, we had also opted to purchase an additional area of 23 sq ft, due to which we will be allotted a flat measuring 495 sq ft. Now our developer has scheduled the PAAA registration in Oct 2025 and we will also need to make the payment for purchase of extra 23 sq ft area along with the proportionate stamp duty charges…
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All conditions satisfied e g distance, population etc no income from agricultural activity shown in return whether AO can treat thus as taxable ? any case law ?
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Is it taxable on signing of DA ? or only when possession is given ?
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Amt deposited in capital gains remained unused for more than 10 years . What happens to unused amount ? How to get the same back ?
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WIFE DIES IN 2022-2023, LEAVING BEHIND HUSBAND, UNMARRIED SON AND DAUGHTER WITH A 50% SHARE IN A RESIDENTIAL PROPERTY WHICH IS BEING SOLD IN 2024-25. BALANCE OF 50% SHARE IS HELD BY THE UNMARRIED SON. THE PROPERTY WAS PURCHASED IN 2010-2011. THE SALE PROCEEDS RECEIVED BY LEGAL HEIRS IN PROPORTION TO THEIR SHARE DIRECTLY FROM THE BUYER, SON GOT 66.66%, HUSBAND 16.67 % AND DAUGHTER 16.67% LEGAL HEIRS ARE DECLARED BY THE THASILDAR OFFICE. NOW THE QUESTION IS HOW TO COMPUTE LONG TERM CAPITAL GAIN AND HOW TO SHOW IN INDIVIDUAL RETURN. IF THE COST OF ACQUISITION IS INDEXED, THERE…
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Hey, I have sell the property for after the indexed cost of acquisition there is a capital gain, but i have hold the property for 20 years and done lots of repair and maintenance but i don't have retain those bills so how can i prove that do i can claim some cost of improvements.
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WHETHER LTCG EXEMPTION U\S 112A BE CLAIMED EVEN WHEN THE GTI IS ZERO OR NEGATIVE IF THE LTCG EXCEEDS THE EXEMPTION OF RS 125000, WHETHER EXCESS IS TAXABLE OR THE ENTIRE LTCG? THANKS IN ADVANCE
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Capital gains exemption u/s 54 issue Facts of the case Purchase price (resale property) of property – 25 Lacs Year of purchase – Jan 2010 Stamp duty / registration – 1.1 Lacs Other cost of acquisition (brokerage / civil interiors etc) – 1.4 lacs Approx Cost of acquisition: 27.5 lacs (448 sq ft) Redevelopment undertaken in FY 21-22 PAAA signed and stamp duty / registration paid for addl area – Feb, 2022 Additional area allotted – 95 sq ft Additional area purchased – 75 sq ft @ 16,000/sqft registration value – 13.4 Lacs (incl GST, stamp duty & registration) Possession…
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Can we claim exemption/relief on Capital Gains from Indian Mutual Funds for NRIs in Saudi Arabia by virtue of Article 13(6) of DTAA with Saudi Arabia?
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Urgent – Query on gifted flat and redevelopment thereof