Capital gain

This query is : Resolved

Dolly Jain (Querist)
Follow

13 July 2015 If mother is transfering her property to son weather Capital gain arise or not?If with & Without Consideration ?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

13 July 2015 If it is without consideration it will be treated as gift and no capital gain will arise.
With consideration it will be treated as capital gain.

Message likes : 1 times

CMA Gul S

CMA Gul S (Expert)
Follow

14 July 2015 Its treated as a gift and no Capital gain on that

Message likes : 1 times

Dolly Jain

Dolly Jain (Querist)
Follow

14 July 2015 if son than sold the property after 6 month than for son weather it is a long term gain or short term gain? if long term gain than what will be the cost of acquisition to be taken ? the date mother purchased it or date when son got the Gift

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
Follow

14 July 2015 It is a long term capital gain for the son. The date of acquisition will be mother purchased date and the cost of acquisition is what it costed to mother.

Message likes : 1 times

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAJ SANKLECHA

CA. Urmila Mahalwal

Amogh Gokhale

DHRUV PATEL

THOMAS JOHN

Subscribe Now

Capital gain

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA