TRANSFER OF PROPERTY
This query is : Resolved
MRINALINI DUBEY
(Querist)
24 February 2011
TRANSFER OF PROPERTY BY AN INDIVIDUAL TO HUF WILL B REGARDED AS TRANSFER IN CAPITAL GAIN OR NOT...........IS THERE ANY CLUBBING PROVISION WILL ATTRACT.......
PLZ RPLY AS SOON AS POSSIBLE.....
IT'S URGENT
PLZ RPLY AS SOON AS POSSIBLE.....
IT'S URGENT
CA PARAS BAFNA
(Expert)
24 February 2011
1. If the transfer is against adequate consideration, then it will be definitely regarded as transfer and capital gains, if there be any, will be taxed in the hands of the transferor.
2. Clubbing Provisions will attract when the transfer has been made otherwise than adequate consideration. In this case property so transferred is known as converted property. For more details pl. refer Section 64(2)
2. Clubbing Provisions will attract when the transfer has been made otherwise than adequate consideration. In this case property so transferred is known as converted property. For more details pl. refer Section 64(2)
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Query on effect of registration of property
- GST on reimbursement of expenses
- Due date for filing return for the partner in partnership subjected to Tax Audit
- Visiting card purchase
- Foriegn assets disclosure
- Number of years as per AS amortisation of Goodwill
- Additional trade name
- Equity Share Sale and Purchase
- Whether output tax is taken credit by purchaser
- Wrong CMPo8 file
- Classification of income of P Ltd company as business or profession
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
