LTCG on Residential house property

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....TCG on Residential house property<br> Query (Issue) Started By: - narendra mishra Dated:- 6-1-2014 Last Reply Date:- 9-12-2015 Income Tax<br>Got 1 Reply<br>Income Tax<br>The 85 years old lady sold the....

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.... property in november 2013 and other details are as under: 1) sale consideration 60 lac 2) Acquired before 1981 3) lady died in December 2013 4) Before she died he executed the will and nominated ....

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....executor to pay the money to there son and daughter in different proportion. My query 1) Is capital gain taxable in the hands of old lady or 2)Taxable in the hands of son/daughter.Whether they can ....

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....get the benefit of exemption. Reply By MARIAPPAN GOVINDARAJAN: The Reply: In my opinion, the capital gains falls in the hands of old lady since it has been received before her death.<br> Discussion ....

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