gift dees

This query is : Resolved 

03 October 2017 as father we sold residentoal property to my eldest daughter for a sale consideration of Rs 45 lacs anout one year back and now i wish to transfer of 30 lackz to 2nd daughter by way of gift through cheque whther it is regiztered then what registeration chages in karnataka my qtn is whether i can pay long term capital gain or not pl let me know

03 October 2017 No capitak gain arises on transfer of 30 lakh to second daughter aa gift from relative is exempt.

03 October 2017 Sorry wrongly replied


03 October 2017 Gift received by daughter is exempt.

03 October 2017 While father has to pay Capital Gain tax as he received consideration from his daughter at the tym of selling property.

03 October 2017 Rashmi ji, i agree with your views. Consideration received from 1st daughter is under capital gains

03 October 2017 For gift to second daughter, it is exempt.



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