03 July 2013
Please Help me out in the case of Sale of a House Property which is recd as a Gift: Lets take an example, Suppose Mr. A is an Individual, and he gifts a House Property to his wife Mrs. A... Now, Mrs. A sells this House Property to Mr. B above the Cost.. & There arises Short Term Capital Gain... Now, This STCG will be taxable in whose Hands??? 1.) Mr. A's or 2.) Mrs. A's ????
CAclubindia
