Capital Gain

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Whether an  ancestor  immovable property (i.e. Shop) now in the name of mother after death of father  can be gifted to his yongest  married son. If Yes then  what 's  its implication from taxation point of view.

Replies (3)

hi

you want the filed Affidavit and as well as the put the gift deed this is protect yourself  safe for yourself 

No tax liability will arise................

No tax liability.... Can be termed as inherited property also....

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