Income tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
24 December 2011
If husband gives Rs.40,00,000/- as gift to his wife and wife purchased a land from that amount and after 5 years wife returns that amount to husband without interest, then she sells the land in Rs.2,00,00,000/- then the capital gain will be taxable in the income of husband or wife?
U S Sharma
(Expert)
24 December 2011
gift returned back? is it shown gift in returns or loan?
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