captial gain query

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 June 2011 hello sir,

i have a query about the transfer.
Case:1= Mr. abhinav has register his house property on his son name, is it a transfer? if yes, on what basis capital gain will laid down on Mr. abhinav....

please give your suggession

thankyou in anticipation.....

Ghanshyam sharma
(article)

22 June 2011 If it is without consideration, then it is not a transfer as per Section 49(1). Capital Gain is arises only when there is a transfer.


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