Capital gain
Vikas Mahajan (157 Points)
04 September 2020Vikas Mahajan (157 Points)
04 September 2020
Akshay raj Sahani
(15 Points)
Replied 05 September 2020
Vikas Mahajan
(157 Points)
Replied 05 September 2020
Asha Kanta Sharma
(Manager - Finance & Accounts)
(36355 Points)
Replied 05 September 2020
Rashmi Dalmia
(67 Points)
Replied 11 September 2020
Property is in the name of father and it is father who is the beneficial owner of the capital gain from the sale of property, not the son.
If father is alive, it is immaterial as to who receives the income , father 's itr is compulsary under indian income tax law.