Taxability of stridhan
This query is : Resolved
CA. Naveen Jain
(Querist)
12 June 2013
Sir, Jewellery sold by a lady of Rs. 28 Lacs in cash from its stridhan then this cash was deposited in her Husband's bank account.
Pls guide what will be the tax implications for this transactions. & how will we overcome that
Pls guide what will be the tax implications for this transactions. & how will we overcome that
Anand Modi
(Expert)
12 June 2013
You have to find out the Purchase year and calculate the capital gain tax.
CA. Naveen Jain
(Querist)
12 June 2013
Sir, Whether capital gain tax applicable or its exempt
CA.Vinita Gupta
(Expert)
12 June 2013
Agreed with the reply of Anand Capital Gain Tax would be applicable
CA. Naveen Jain
(Querist)
12 June 2013
Sir, Whether capital gain tax applicable or its exempt
Anand Modi
(Expert)
12 June 2013
It is taxable
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