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capital gain

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CAricha (Querist)
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14 January 2009 Hi all,

I have a question related to capital gain:
What if a father buys a land with in the local limits of delhi/ncr region in his own name but the money is paid by his daughter, Now to whom the capital gain will arise if the property is sold if the registry is in the name of father.

Pls reply asap to richarsharma@gmail.com
Thanks

CA.ViVeK M ACA

CA.ViVeK M ACA (Expert)
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14 January 2009 Please refer the answer above...

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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14 January 2009 Capital gains is to the father.

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