Capital gain
This query is : Resolved
04 March 2016
Dear Sir,
My friend bought a property in bombay.It was bought by utilising his father income which received by father by selling fathers property in bombay.Now the property is sold.Is capital gain attract to one son only in whose name property bought by father or other sons equally? kindly advice...
My friend bought a property in bombay.It was bought by utilising his father income which received by father by selling fathers property in bombay.Now the property is sold.Is capital gain attract to one son only in whose name property bought by father or other sons equally? kindly advice...
04 March 2016
The capital gain arise only to the son in whose name the property was bought.
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