Gift
This query is : Resolved
09 October 2018
MR.A is property dealer he hold property as a stock. mr a gifted a property to his son. in the sons hand what is nature of this property as a capital assets or as stock ?
Nikhil Kaushik
(Expert)
09 October 2018
its upto the son. if he is not in business of property dealing, then he will account for it as a capital asset only
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