Related gifted immovable property
This query is : Resolved
CA Hemant Gupta
(Querist)
28 February 2017
I want to know taxability of gifted property in hands of daughter in law from sons father in law in case of gain arising from sale of immovable property
28 February 2017
If father in law transfers property to daughter in law and daughter in law sells that property capital gains arising out of it shall be clubbed with father in laws income by virtue of section 64.
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