Poonawalla fincorp
Poonawalla fincorp

Sale of property

This query is : Resolved 
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(Querist)
04 December 2017 Say My dad sold a property and the money received he gifted me without paying capital gain tax. He is 78 years old. Property was 40 years old.
Do I need to pay tax ?
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
05 December 2017 No your father only is responsible for capital gains tax.

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