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 ..?
1. Usually No.
2. YES
Transfer of shares under family arrangement is not a transfer
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?
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