r/AskIndiaTax

I gained some 20000 Rs. on selling my gold etfs. My yearly income is well below 12 lakhs (10 lpa). Can I set off the ltcg with my income tax exemption limit?

If a couple owns a flat 50-50% and rent is received by wife only also tds is shown in her 26as . But when the flat was sold of capital gain was divided among both .

1. The rent should have been shown to both husband and wife?
2. Can the authorities put a claim saying rent was shown in her return to lower taxable liability?

Context:
Op and wife are buying a property worth INR 1.85 cr in Gurgaon.
Current owners are husband-wife.
Which means there are 2 owners and 2 buyers involved.

Form 141 question:
- we paid token amount worth INR 20lakh on 9th April
- we will do registry on 14th may
- remaining 1.65 cr INR is being undertaken by taking home loan from sbi + some nominal amount from pocket

Question:
- how to raise form 141?
- we have already done form 141 filing and challan generation for both wife and I worth INR 10000 each for April

For Registry, do we need to do TDS before registry?
Bank is asking for TDS challans, but how do we complete this before registry?