Capital gains taxation
naveen (Analyst) (36 Points)
05 April 2014
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 05 April 2014
Very good question
in this case on the safer side do one thing make a gift deed for the amount funded by parents than entire funds will be yours and capital gain provision will be applied as if you have bought this property by your funds only.
naveen
(Analyst)
(36 Points)
Replied 05 April 2014
Nikhil Gupta
(Student)
(49 Points)
Replied 05 April 2014
I think clubbing provisions would apply here for the portion of first payment made by the parent.