Capital gains
This query is : Resolved
ANSHU JAIN
(Querist)
06 December 2014
A lady aged 90 Years transferred her property to her grand daughter who is a minor by drawing a sale deed. Now whether capital gains is required to be calculated upon such a transfer?
06 December 2014
If a sale deed has been executed then capital gain will arise.
If a gift deed has been executed then capital gain will NOT arise.
If a gift deed has been executed then capital gain will NOT arise.
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ANSHU JAIN
(Querist)
06 December 2014
Can we say that the sale deed is void as a contract with a minor is not a valid contract?. Since her grand daughter is a minor so can we argue on the same?
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