22 July 2012
i have one plot of land and same was given for development and received 3 flats, out of the 3 flats, i sold 1 flat and gifted 2 flats to my sister as gift.
23 July 2012
This is a complicated income tax/capital gains/gift tax related issue. Kindly approach a good chartered accountant to know about the tax implications.
CAclubindia
