TRANSFER OF PROPERTY BY GRANDFATHER TO GRANDSON
Dhruval Dagliya (16 Points)
15 September 2019
WHAT ARE THE TAX IMPLICATIONS
4 Replies
Kapadia Pravin
(17264 Points)
Replied 15 September 2019
Transfer of property is in the nature of Gift by Grandfather to Grand Son.
Gift to or from relatives are exempt and hence NO TAX implications.
Gift to or from relatives are exempt and hence NO TAX implications.
Kapadia Pravin
(17264 Points)
Replied 15 September 2019
Simply it will increase . Cost will be that of purchase cost of grandfather
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