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Capital Gains

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(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15 June 2017 When the ancestral property share is withdrawn from the property and given to elder person in the family for no consideration but for the document purpose it said that sum amount is given then in this case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.
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Amol S Joglekar

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Amol S Joglekar (Expert)
15 June 2017 Capital gain arises to seller i.e. transferor
In this case capital gain will arise.
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sai sindura

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sai sindura (Querist)
18 June 2017 Thank you sir
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Amol S Joglekar

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Amol S Joglekar (Expert)
18 June 2017 you are most welcome
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CA Rashmi Gandhi

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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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