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capital gain

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(Querist)
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
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
14 January 2009 Capital gain would arise to the registery that is father and it is immaterial as to who had paid the consideration.
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CAricha

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CAricha (Querist)
14 January 2009 thank u.
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CAricha

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CAricha (Querist)
15 January 2009 what if the daughter is minor
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