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,
CA R SEETHARAMAN
(Expert)
31 December 2020
This will be treated as gift to relative exempt from tax. No minimum consideration required.
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