Taxation for Traders / Investors

#51
canikhil

understood & thank you
This is the case of one my neighbour, a old lady finding difficulty with her daily expenses & the donor , her daughter is working with source income.

Old lady, trying to sell her house & this is temporary arrangement to meet her ends.

By the way, are you a practising CA canikhil?
Why selling the house and gifting money to her daughter.
Its better to gift (or by way of will) house to her daughter(s)
(In case of gifting house one has to pay transfer charges only)
Because if she sells house, she may have to pay capital gain tax, may be huge, though CG tax will depend on many factors.

A better tax planning will save on tax. :)

If you want suggestions, then it will be better if you post complete details.
 
Last edited:

rangarajan

Well-Known Member
#52
Why selling the house and gifting money to her daughter.
Its better to gift (or by way of will) house to her daughter(s)
(In case of gifting house one has to pay transfer charges only)
Because if she sells house, she may have to pay capital gain tax, may be huge, though CG tax will depend on many factors.

A better tax planning will save on tax. :)

If you want suggestions, then it will be better if you post complete details.
traderniftybank

Discussed,
Two daughters with diff ideas.
Do not want complications after her life.
Needs money to pull on & also interested in giving some charity.
Needs liquidity for daily life, making some pilgrimages, clearing some loans, some medical expenses.
Interested in creating an untouchable, secured deposit to her grand daughter's future.
Even if she gifts the house, when sold ultimately by her daughters, they have to bear C G i suppose & complications may arise with diff of opinion.

And where she will go for money now?
R/M is ruled out.

Will come back to you for advise later.

Shall i tell you one thing tradeniftybank.
Many old people are suffering this Dielema.

Thanks for everything.

Traderji is full of people like you.
Perhaps, Traderji himself is a social minded & hence naturally the members.
God Bless him.
 

canikhil

Well-Known Member
#53
canikhil

understood & thank you
This is the case of one my neighbour, a old lady finding difficulty with her daily expenses & the donor , her daughter is working with source income.

Old lady, trying to sell her house & this is temporary arrangement to meet her ends.

By the way, are you a practising CA canikhil?
Yes sir. I am practicing. You can reach me at [email protected] / [email protected]
 
#54
i have one query,if i make profit in f&o and loss in cash market, not in intraday
can it be set off against each other? pls reply and give clarity .
 

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