One of the it assessee residential house value rs:1 crore. below mentioned two options benefit in it act.
Question:
1.Assessee sale of house amount received after amount GIFT paid to family members
2.Assessee residential house property gift to family members
In general, gift is better option, if clubbing of income u/s. 64 of the act is not attracted.
Saini Pati Shah & Co LLP, Chartered Accountants
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