Naveen
(Learner)
(116 Points)
Replied 07 January 2010
Dhiraj is absolutely right. Transfer is defined under Transfer of Properties act. Transfer by way of Gift wihout consideration is not a transfer for the purposes of calculation of tax liability under the head capital gains.
Exemption will not be withdrawn.
Ravinder Singh Malhan
(ARTICLE)
(70 Points)
Replied 07 January 2010
Yes exemption shall not be withdrawn
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