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
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.
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