Capital Gains of House property
This query is : Resolved
T SRINIVASAN
(Querist)
18 March 2021
Can a husband give the Sale proceeds of a residential plot by way of Gift to his wife for constructing her residential house? Whether any Capital Gain tax has to be paid by the husband ?
2. Whether such Gift of the amount has to follow any particular procedure ?
2. Whether such Gift of the amount has to follow any particular procedure ?
CA R SEETHARAMAN
(Expert)
18 March 2021
The best option is gift the plot to wife and avail capital gains exemption in the hands of wife as house is constructed by wife.
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