Family settlement

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Trainee
221 Points Joined July 2014
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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On 13 November 2017 at 13:48 Report
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SEO Sai Gr. Hosp.
210370 Points Joined July 2016

1. Usually No.

2. YES

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On 13 November 2017 at 13:53
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Trainee
221 Points Joined July 2014
may u share the any article/notification regarding this
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On 13 November 2017 at 13:55
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SEO Sai Gr. Hosp.
210370 Points Joined July 2016

Transfer of shares under family arrangement is not a transfer

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On 13 November 2017 at 14:14
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Trainee
221 Points Joined July 2014
Thank u sir
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On 13 November 2017 at 15:26
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209 Points Joined October 2017
at the time of transfer no cg and after selling cg is attract
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On 13 November 2017 at 20:37
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SEO Sai Gr. Hosp.
210370 Points Joined July 2016

Most welcome, Dear..

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On 14 November 2017 at 08:31
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CA
588 Points Joined September 2009

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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On 14 November 2017 at 11:09
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209 Points Joined October 2017
yes after partition of huf
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On 14 November 2017 at 11:15


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