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.
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Capital Gain
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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