banner_ad

Gift Tax for a property

This query is : Resolved 
Profile Image

Profile Image

(Querist)
18 March 2010 My father in law has gifted my wife a plot worth 20 lacs . Now if my wife sells the plot and invest in some flat in delhi . Does she have to pay any tax as such as all the capital gain is invested in a property in the same financial year .
Profile Image

DR GAURAV GUPTA FCA, FCS, LL.B

Profile Image

DR GAURAV GUPTA FCA, FCS, LL.B (Expert)
18 March 2010 see there is no gift tax on ur wife but if ur wife will sell it then if ltcg will occur and ur wife invest this in residential house subject to the conditions of sec54f then she will claim the proportionate exemption. BUT IF STCG WILL ARISE THEN NO EXEMPTION WOULD BE CLAIMED
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
22 May 2026
Audit assistant

Displayandbeyond

Mumbai

CA

View Details
Company
18 May 2026
MIS Executive

Primarc Pecan Retail Limited

Mumbai

B.Com

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
23 May 2026
Article Assistant

Geeta Manchanda & CO.

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details