BENEFIT FOR GIFT PROPERTY OR SALE PROPERTY TO FAMILY MEMBERS

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

Replies (1)

In general, gift is better option, if clubbing of income u/s. 64 of the act is not attracted.

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