is at the time of family settlement ...share received by family member ..is taxable ?
and at the time of selling of these shares ...is it taxable ..?
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Family settlement
Replies (8)
1. Usually No.
2. YES
may u share the any article/notification regarding this
Transfer of shares under family arrangement is not a transfer
Thank u sir
at the time of transfer no cg and after selling cg is attract
Most welcome, Dear..
Family Partition Case.
Brother gave Some Money to Other Brother as his Share in the Property by Cheque.
Treatment in Income Tax ??
is the Money given to be shown in Income Tax Return of the Giver? Is it Taxable in the Hands of Receiver?
yes after partition of huf
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