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long term capital gain its veeeeeerrrrrrrrryyy uuuuuurgent

This query is : Resolved 
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(Querist)
15 January 2009 Hi all,

Pls help me with the tax treatment of Father and daughter. If the father purchases a land from the account of a minor daughter. Now the father is selling the land and the daughter has become major.
What is the taxablity and what would be the tax planning in this respect other than section 47 of the act.

Pls reply asap to richarsharma@gmail.com

thanks
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CA.ViVeK M ACA

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CA.ViVeK M ACA (Expert)
15 January 2009 It is already solved please check the above
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