Capital gain urgent query-Property in wife name
This query is : Resolved
Quick Summary
06 September 2024
A husband wants to gift Rs.20 Lakhs to his wife to purchase a property in its wife's name....what are the tax implications?
06 September 2024
No tax implications.
Gift to wife exempt from tax but clubbing provisions applicable on any income from gift.
Gift to wife exempt from tax but clubbing provisions applicable on any income from gift.
07 September 2024
I want to ask husband is supposed to pay tax on capital gain?as he has not purchased property from capital gain..
07 September 2024
Capital gains of wife will be clubbed with husband's income.
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