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Capital gain

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(Querist)
17 November 2015 Plz advise:
Father sold his house property and sales consideration amount is gifted to his son.

Whether capital gain tax liabilty arised???
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
17 November 2015 Yes, Capital gains attracts to father.

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