If husband sale the immovable property (for consideration) to his wife will attract capital gain.
Please give section reference.
Thanks.
Menu
sale of immovable property to wife
Replies (7)
If it is a genuine transaction provision of capital gain/loss will be applicable.
Section 54 would apply and also TDS u/s 194IA would apply if the value of immovable property exceeds Rs 50 lakhs
Yes , it will attract and make sure the consideration is adequate (not less than stamp duty value ) , if falls below ,husband will be deemed owner of the house property and SDV shall be considered sale consideration .
It is better to be shown as gift. only 4.9% stamp duty will be applicable.
but in the case of gift , husband will still be deemed owner....
Thanks all for your valuable feedback.
after gift ownership been transferred to donee
Recent Topics :
- Demand of Late fee/Interest under section 75 of GS
- DSC registration on TRACES portal
- Can we get registered for MCA if we get a Virtual
- DONATION PAYMENT REG
- GST IDS Refund – Statement 01A: Invoice Not
- TDS deposit code & TDS return
- AIS VS GST Mismatch- FY 2025-26
- Gross total income
- Export Compliance
- Sale of plots in open land
Related Topics :
CAclubindia
