19 February 2017
If I have acquired a property for Rs 10Lakh and transfer it to UNKNOWN person say Mr .X,
then what is the taxability in the hands of me and Mr X.???
21 February 2017
If you transfer a capital asset to another person without any consideration ie as a gift, there is no capital gain tax for you by virtue of Section 47(iii). Your acquisition cost is the cost to transferee
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