Capital gains tax

Appathurai Ramasubramanian (Retd) (25 Points)

30 November 2016  
Sir/Madam A relative of mine has made a settlement deed in the year 2013 transferring two flats to his spouse and tne settlement deed is registered.Now in 2016 spouse want to dispose both the flats. Is she has to pay capital gains tax since the time lapsed between the settlement deed and sale is more than three yeats