Capital gains

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

21 January 2014 i am going to sell a plot of land which is in my name & going to buy a residential house by applying provisions of sec 54F, Is it necessary that i get the house in my name or can it be in my parents name..? i am not a dependent
if so can i buy the house in my name & later give it as a gift to my parents will they be attracted with any tax..?

CA Mohit Bansal

CA Mohit Bansal (Expert)
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22 January 2014 You have to buy new property in your name only. Later you can gift it to your parents. Gift to parents doesnt attract capital gains tax.

Message likes : 1 times

Querist : Anonymous

Querist : Anonymous (Querist)

22 January 2014 ok sir ! thank u sir !

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