Hi all,
Father has sold property in the month of Nov' 23 and want to gift the amount to his 2 daughters, what is the tax implication for this?
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PROPERTY SOLD AND GIFT TO DAUGHTERS
Replies (5)
Father has to pay tax. capital gain tax, if any.
daughters are exempted from tax.
daughters are exempted from tax.
Thank you.
Property sold capital gains.
gift tax implication.
gift tax implication.
What gift tax implication? explain..
Blood relation gift tax is not applicable
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