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Question & Answer


S

Saurabh Poonia

10 Sep 2022

I am a trader. I trade forex but acc to FEMA rules and RBI we cant remit/deposit money and trade with foreign brokers. But there are several prop firms i.e you pay a small fee and you trade their money for them and share a profit split. wanted to know am i breaking any FEMA rules/laws?

No Reply  


S

Saurabh Poonia

10 Sep 2022

I am a trader. I trade forex but acc to FEMA rules and RBI we cant remit/deposit money and trade with foreign brokers. But there are several prop firms i.e you pay a small fee and you trade their money for them and share a profit split. wanted to know am i breaking any FEMA rules/laws?

No Reply  


R

Ritik

10 Sep 2022

My father and his brother has inherited a plot and wanna sell it is it liable for capital gain tax or any kind of tax if it's applicable how can I save that tax without kept that money in capital gain account in bank, bonds, and property

Replies (1)                          

CA Yash Jain       10 Sep 2022

Hi Ritik !, in case of sale of capital asset received via inheritance, mode of computation would be in accordance with Section 48 of Income Tax Act and with regards to exemption from capital gain arriving if any, you can refer section 54 of Income Tax Act.

However in case if you are looking for expert consultation on the above, you can book a consultation with Finaco or reach to me at cayashchopra@gmail.com

Thanks

T&C apply


R

Ritik

10 Sep 2022

My father and his brother has inherited a plot and wanna sell it is it liable for capital gain tax or any kind of tax if it's applicable how can I save that tax without kept that money in capital gain account in bank, bonds, and property

No Reply  


R

Ritik

10 Sep 2022

My father and his brother has inherited a plot and wanna sell it is it liable for capital gain tax or any kind of tax if it's applicable how can I save that tax without kept that money in capital gain account in bank, bonds, and property

No Reply