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Capital gain

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 April 2015 I have sold property in cash to my brother in law there is pure financial transaction no gift there will be capital gain on such transaction.

Thanks in advance
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
26 April 2015 Yes. If there is capital gain, you may have to pay capital gain tax.
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