Hi Fnds
I need Your Suggestion
I Have a Property In My Individual Account, That Property i want to Transfer to My Brother Ind account,
What Entry i will Pass in My Statement(Where E.g:-Capital account or Balance Sheet)
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Transfer of assets
Replies (5)
If with any consideration or exchage, to Capital account otherwise BS
I want to transfer as a gift
in case of Wife, situation will differ.?
Gift to brother/Wife both a capital asset trasfer; but in case of Wife, clubbing provision on income shall apply.
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