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Capital gains

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Querist : Anonymous

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Querist : Anonymous (Querist)
02 August 2014 I have a query that one of my clients parents sold the property & then distributed that money among their childrens whether the distributed amount will be taxable in the hands of my client one of their child. or can it form part of inheritance & not taxable.
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
02 August 2014 it wont be taxable in the hands of the children. but parents will have to pay the capital gains tax.

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