Capital gains
This query is : Resolved
Querist : Anonymous
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.
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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