It transaction accepted
This query is : Resolved
02 September 2022
Sir,
Brother gives some money amount from sister for the purpose of rights withdraw in father's immovable property.
Question:
Above transaction accepted and show procedure in books and capital gains applicable in it act.
Brother gives some money amount from sister for the purpose of rights withdraw in father's immovable property.
Question:
Above transaction accepted and show procedure in books and capital gains applicable in it act.
02 September 2022
There has to be some registered deed and bank transfer for the agreed amount. In that case, the LTCG will occur to sister, rights giver. In the books of brother the amount is debited to the property account.
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