Transfer of Property without Consideration
This query is : Resolved
31 December 2020
Dear Experts,
If a property is transferred by Husband to wife without consideration and necessary stamp duty is paid and agreement registered, how will this be treated in Income tax? Will there be any minimum consideration to be considered for computing capital gains? Also will this be treated as Gift under Income tax?
Regards,
If a property is transferred by Husband to wife without consideration and necessary stamp duty is paid and agreement registered, how will this be treated in Income tax? Will there be any minimum consideration to be considered for computing capital gains? Also will this be treated as Gift under Income tax?
Regards,
31 December 2020
This will be treated as gift to relative exempt from tax. No minimum consideration required.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS DEMAND.
- Joint Account Closure
- 139(4) for ITR-5- audit
- TDS-Fixed assets
- RCM PAID ON RENT IN RESTAURANT BUSINESS @ GST RATE 5%
- Registartion of trust
- TDS can We Adjust 194C Amount to 194J
- Mentioned xyz as employer name instead of xyz LLC in ITR
- NATURE OF PENALTY AND INTEREST UNDER TAXATION
- Reversal of unutilized ITC can be paid through ITC
- Claiming TDS credit of unclaimed TDS of past years
- GST APPLICABILITY FOR PLANTS
- OMR sheet / MCQ booklet no / error
- Availment of GST Input
- HELP-1st Group final exam for old student
- Ammended B2B invoice not displayed in GST2B
- TDS OR GST APPLICABLITY
- FORM SPL-02
- Complication in generating GSTR-2B
- Sale of liquidated company
Trending Online Classes
-
25 Hours GST Scrutiny of Return and Notice Handling(With Recording)
Industry Expert14 February 2025 -
Survey, Search and Seizure under Income Tax Act 1961
CA Hari Agarwal
CAclubindia
