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clubbing of capital gain

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(Querist)
24 June 2011 minor received property from grandfather on death ,Whether capital gain on sale of such property is clubbed in hands of parents or taxed in hands of minor?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
27 June 2011 It will be taxed under the head Capital Gains, in the hands of the parent having higher income and eligible for Capital Gains exemption.

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