Ltcg
chinu
(Querist) 15 June 2014
This query is : Resolved
We sold our ancestral inherited property for Rs 15360000/-.For three of us (my husband died 6 years ago) the share came as 5120000/-. We are put up in different cities and are not in talking terms. The problem is that I will be investing my long term capital gain in capital gain account but what if they don’t do so. Although in the sale agreement pan nos. and names of all three of us are written and it is also mentioned that the amount is divided in three of us with the details of D.D. Nos. given to us at the time of selling.
Can I go forward with my investment calculating the long term capital gain tax for my amount i.e. Rs 5120000/-?
Please guide me asap.
T. Kalaiselvan, Advocate
(Expert) 17 June 2014
Yes you can go ahead with your own investment and calculations based on the share of the amount you received under lcgt, consult a tax consultant for further advise.
Raj Kumar Makkad
(Expert) 18 June 2014
Why are you repeating the same query again and again?
