No tax liability over relinquishment of your rights in the property, provided the net capital gains tax liability is offered to tax by remaining share holders.
The capital gains tax liability will arise as per their (increased) share holding.
SMJ global advisors pvt ltd
New Delhi
B.Com
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Rahul Dang & Associates-Chartered Accountants
Pune
CA Inter
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Shaswat initial support private limited
Ahmedabad
CS
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Sri Aurobindo Gnostic Centre of Education
New Delhi
CA
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CAclubindia
