CAPITAL GAIN
This query is : Resolved
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chetan singhania
(Querist)
26 December 2020
TO WHOM INCOME TAX CHARGEABLE
IF A MEMBER RECEIVED A PROPERTY AS A GIFT FROM HUF AND THEN SUCH MEMBER SALE THAT PROPERTY THAN WHOSE INCOME WILL BE CONSIDER AS CAPITAL GAIN. HUF OR MEMBER?
IF A MEMBER RECEIVED A PROPERTY AS A GIFT FROM HUF AND THEN SUCH MEMBER SALE THAT PROPERTY THAN WHOSE INCOME WILL BE CONSIDER AS CAPITAL GAIN. HUF OR MEMBER?
CA R SEETHARAMAN
(Expert)
27 December 2020
Capital gains will be taxable in the hands of .Member
Message likes :
1 times
28 December 2020
Yes...it will be charged in the hand of the members only.
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