Tax implication on non traded/ defunct company shares which are delisted or not traded at all. Can we claim long term capital loss on these company shares. Thanks
i purchaased a leased house in Nov 1988 from Ujjain Development Authority Ujjain. The lease period was initially for 30 years. I paid annual lease rent to UDA. UDA charged interest on a few occassions for late payment of lease rent. This property is sold out in sold out in Sept' 2017. My question is whether this lease rent & interest should be added in cost of acquisition or not. Pl answer
i purchaased a leased house in Nov 1988 from Ujjain Development Authority Ujjain. The lease period was initially for 30 years. I paid annual lease rent to UDA. UDA charged interest on a few occassions for late payment of lease rent. This property is sold out in sold out in Sept' 2017. My question is whether this lease rent & interest should be added in cost of acquisition or not. Pl answer
in the union budget presented on 10.7.2015 for 2014-15
following provisions were made in capital gains
Units of debt oriented mutual funds and unlisted securities to qualify as a short-term capital asset, if held for not more than 36 months. The period for qualifying as a short-term capital asset to be increased from 12 months to 36 months -
sir what tax rate will be applicable to the investments made prior to the union budget as fixed maturity plan and the same is matured in financial year 2015-16.
After death of parents the house was owned by our 4 brothers in 1988. Now the house has been coverted into residential flat by promoter. All of us have got one flat each.I am 68 yrs now
After the death of my parents the house was in the name of our 4 brothers in 1988. Now the house has been handed over to promoter for building of flats.All my brothers got one flat each. I want to sell off my flat. I am 68 yrs now. Will it be under capital gain? If yes, what type short or long term?
