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PROPERTY SOLD AND GIFT TO DAUGHTERS

373 views 5 replies

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?

 

Replies (5)
Father has to pay tax. capital gain tax, if any.

daughters are exempted from tax.

Thank you.

 

Property sold capital gains.
gift tax implication.
What gift tax implication? explain..
Blood relation gift tax is not applicable


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