recently we sold a plot (Name of my mother and she dont has any other plot or house) so we have liability for long term capital gain. now we want to distribute that amount into four parts (three brothers and one mother) so what will we do for saving tax ? Please help ASAP as we are illiterate about this.
1 Answers
As she sold the plot, she can buy a new residential house property in her name or invest into capital gain bonds in order to save tax.
Related