Answers On Topic: Capital Gains
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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I am an NRI. I have suffered a LTCLoss from the sale of Listed shares of Indian Companies , Under the Capital Gain item No. 6 - 7 - 8 & 9 are for NRI. Under which item should I report the above mentioned loss
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Buy rural agriculture land and within 24 months without any agricultural activities on such land by aseessee sold after development in plot. Is it treated as capital asset and liable to capital gain.
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A has made payments for a flat during the year under ref ; but agreement was made more than 2 years before the said year; can A claim exemption u/s 54F ? any case law ?
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flats on development of land