Capital gain
This query is : Resolved
krishan kant pancholi
(Querist)
05 June 2016
I'm received a property from my father and my father prepare a sale deed and registery who shows that its sale by my father Rs. 3200000 cash ...bt it's not real transaction ...and how a notice received by it department for capital gain income...plz tell me suggestion
Ganeshbabu K
(Expert)
05 June 2016
1)Convince there is no actual sale and it is only a gift from father
2)say that due to ignorance sale deed was prepared instead of gift deed
2)say that due to ignorance sale deed was prepared instead of gift deed
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