Capital Gains
This query is : Open
sai sindura
(Querist)
15 June 2017
When the ancestral property share is withdrawn from the property and given to elder person in the family for no consideration but for the document purpose it said that sum amount is given then in this case will capital gains arises.If so to whom it arises. please advise sir.
Amol S Joglekar
(Expert)
15 June 2017
Capital gain arises to seller i.e. transferor
In this case capital gain will arise.
In this case capital gain will arise.
sai sindura
(Querist)
18 June 2017
Thank you sir
Amol S Joglekar
(Expert)
18 June 2017
you are most welcome
CA Rashmi Gandhi
(Expert)
18 June 2017
No capital gain arise if you transfer assets as gift. It arises on purchaser when he sale it.
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