Capital gains tax

ahila jayaraman (Querist) 17 July 2016 This query is : Resolved
My daughterinlaw, a housewife, sold her residential plot of landi Feb 16, and there is a few lacs of long term capital gains. Her husband, my son is buying a flat in the joint names of himself and her. I hope, if the capital gains is remitted to the builder before 31.7.16, she need not pay LTCG tax. So far she has not filed IT return,since she does not have an independent income. Now, has she to file the IT return, since there is LTCG?

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R.K Nanda (Expert) 17 July 2016
Contact tax lawyer.

Rajendra K Goyal (Expert) 18 July 2016
With out referring all related documents, nothing can be advised. Consult your tax consultant.

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