Tax liability on gift of cash
Querist : Anonymous
If a mother have two sons A and B and there is a property(land) of in the name of mother and A.
They sell the property for 1 Crore and with the same sale consideration B purchases another land. Will it be taxable?
Will there be a tax liability on A and mother too?
Please solve my query. Thanx in advance
Querist : Anonymous
Stamp duty is exempt in certain cases of transfers within relatives.....not the capital gain
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