Is there any issue or limit with RTGS transfer to ICICI account

Assuming her residential status is Resident

Tax calculation depends on the following factors

1) Sale Consideration

2) Cost of acquisition

3) Date of acquisition

4) Date of transfer

Either you can invest in bonds within 6 months or purchase/construct new residential house property within 2/3 years from the date of transfer of the land.

Long term capital gain is taxable @20.8%, Short term capital gain is taxable at slab rate. Benefit of exemption limit is available.

No issues in transfer to bank A/c

For detailed discussion you may opt for phone consultation

To manage the RTGS transaction and minimize taxes from your mother's land sale:

1. 
   RTGS Transfer: No limit for RTGS; ensure the ICICI account can receive a large sum.
2. 
   Capital Gains Tax: Taxed at 20.8% for long-term gains. Seniors have higher exemptions.
3. 
   Tax Saving: Invest in Section 54EC bonds within six months to avoid taxes on gains.

For detailed, personalized advice, consider a phone consultancy.

Hope you find the information helpful. You are free to contact me for further discussion.If you could spare two minutes of your time to write a review, It would be really grateful and very happy to read it.

Thank you.

Shubham Goyal

Hii

In case of sale of capital asset ( land) you have to calculate capital gains tax and plan accordingly, senior citizens assess can get income tax sla. Benifit, for transfer of funds vai RTGS there is no specific rules, this depends on account transaction limit only .

You can opt for the lower rate of TDS, and accordingly you can better structure avoiding tax on transaction.

There is no limit on RTGS limit otherwise