Akula Srinivas (Accounts Officer) 10 March 2015
Please clarrify my issue
X purchased a Flat worth of Rs. 21 lakhs in 2006. X gifted the same to Y (his father) through gift deed with out consideration in 2008. Y sold that property in 2014 for Rs. 40.50 lakhs.
How much is capital gains and whose hands it is taxable.
please do the needful
Vishal Goel (Chartered Accountant) 11 March 2015