Dear experts,
Me and my sister was legal heir for my fathers property, I sold house on the name of my father and received the whole amount in my account. Now my sister is asking for share on the same.
Can i transfer her portion of money to her account and consider remaining amount as my capital gain, My sister will file her own income tax with capital gain.
What is the way out to avoid capital gain on my head for the portion i am giving to my sister.
Thanking you in advance
CAclubindia
