Exchange transactions between two sisters capital gain tax applicable
This query is : Resolved
Kollipara Sundaraiah
(Querist)
25 November 2023
sir,
If female assessee gold jewellery value rs:15 lacs exchange to another female assessee(sister) after another female assessee silver articles value rs:16 lacs exchange to sister.
Query:
Above mentioned exchange transactions two sisters capital gain tax applicable or not applicable in it act.
If female assessee gold jewellery value rs:15 lacs exchange to another female assessee(sister) after another female assessee silver articles value rs:16 lacs exchange to sister.
Query:
Above mentioned exchange transactions two sisters capital gain tax applicable or not applicable in it act.
CA R SEETHARAMAN
(Expert)
25 November 2023
Treat it as gift to relatives capital gains tax will not arise.
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