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Capital gain

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26 Points Posted on 01 January 2019
Dear Sir
If a father gifts one property to his married daughter , the capital gain on sale of such property will be taxable in the hands of the father or his daughter ??????
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On 01 January 2019 at 20:00 Report
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semi qualified CA
44 Points Posted on 01 January 2019
its taxable in the hands of daughter u/s 45
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On 01 January 2019 at 20:06
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26 Points Posted on 01 January 2019
but as per section 47 any transfer of capital asset by the way of gift ,will etc will not amount to transfer
so there will be no capital gain
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On 01 January 2019 at 20:11
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181 Points Posted on 01 January 2019
gift is not liable for capital gain u/s 47.
but gift is taxable under other source head u/s 56.

but gift to relative is not taxable.
married daughter is covered under relative so tfr by father to daughter is not liable for tax.
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On 01 January 2019 at 23:39
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semi qualified CA
44 Points Posted on 02 January 2019
in your query you wrote sale of property hence i answered as assuming daughter solds the property after receiving as gift from father
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On 02 January 2019 at 08:29
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26 Points Posted on 03 January 2019
Thank you sir my query is resolved
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On 03 January 2019 at 10:09


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