Gift deed to relative
This query is : Resolved
MANOJ GOLATKAR
(Querist)
21 August 2018
CAN INDIVIDUAL TRANSFER MONEY (OVER 50,000) TO HIS BLOOD RELATIVE (i.e. Brother,Sister, Mother and Father) after selling his property. to minimize capital gain.
CA R SEETHARAMAN
(Expert)
21 August 2018
No tax payable on such transfer being gift to relative exempt. But the property belongs to you you can't avoid capital gains tax by transferring money.
MANOJ GOLATKAR
(Querist)
21 August 2018
thanks Seetharaman ji
CA R SEETHARAMAN
(Expert)
21 August 2018
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