Regarding loan

respected all members
Mene ek shop sale kiya he 600000
ab vo 600000 mere uncle ko trasnfer kiye he to please suggest me loan show Kar sakte he ki gift.
thank u advance
Replies (5)
Quick Summary
A user sold a shop for £600,000 and transferred the money to their uncle. They are seeking advice on whether this should be declared as a loan or a gift. The consensus is that it should be shown as a loan to avoid the uncle incurring a taxable gift liability. The sale of the shop itself is also taxable under Capital Gains Tax.

Apko loan show karna hoga kuki agar apne ye gift show kiya toh ye apke uncle ke liye taxable ho jaegi.
But sir uncle to relative me aate he na
Uncle relative apke liye hai...lekin yaha gift vo receive karenge toh hume unke point of view se dekhna hoga and as per income tax act app unke relative nahi ho that means agar vo apse gift receive karenge toh vo taxable hoga.
Sale of shop 600000 taxable hoga under Capital gain
Thank u sir 👍

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 September 2026
CA/Semi-CA/BCom

Pravin Sarvaiya

Mumbai

CA Inter

View Details
Company
08 October 2026
Account Executive

Elite Taxation

New Delhi

CA Foundation

View Details
Company
10 October 2026
Accounts Associate Level 1

Abic and Mani Chartered Accountants

Kottayam

B.Com

View Details
Company
15 September 2026
Client-site CA associate

Aditya Muley and Co

Mumbai

CA

View Details
Company
30 September 2026
Senior Accountant

Codeboard Technology

Chennai

B.Com

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
ARTICLESHIP 16 September 2026
Article Assistant

MANUJ SHARMA AND COMPANY

Noida

CA Inter

View Details