Father Transferred 3 Commerical Properties to Son


This query is : Resolved 

22 March 2011 Hello Sir,

What is the tax liability for son, if his father transferred 3 commercial properties to one of his sons.

Father has shared his properties among his four sons. How is it shown in the books of account? (Gift / Inheritance ?)

31 March 2011 Hi ... Any Answers for the queries?

Thanks in advance!

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