Planning on capital gain tax

Deepak Kumar (Chartered Accoountant) (270 Points)

29 August 2016  

A want to gift a long term property to his friend B without any consideration in F.Y. 16-17, stamp value of that property is 25 lacs . A purchased this property 2005-06 in 5 lacs. What will be tax implication in the hand of A & B. & What is best tax planning to save tax.