SETTLEMENT DEED IMPLICATIONS
This query is : Resolved
09 June 2022
Sirs,Mother has executed Settlement Deed to her daughter with the condition that if she sells the property to third party,daughter has to pay Rs 20 lakhs each to her bothers and sisters
now the daugher intends to sell the property to a third party
Whar are the tax implications?
Experts kindly advise us
now the daugher intends to sell the property to a third party
Whar are the tax implications?
Experts kindly advise us
09 June 2022
Tax has to be borne by the daughter only as she is legal owner.
09 June 2022
Additionally, the owner has right to deduct the payment liability (as per settlement deed) from the capital gain arrived over the sale of the property.
09 June 2022
Dear sirs
well and thanks for your immediate response and reply
well and thanks for your immediate response and reply
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09 July 2022
Most Welcome..
10 July 2022
Welcome Dear............
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