if transfer of asset as a gift to our relatives without any considaration then capital gain arise?
Gift of asset
(Guest)
U S Sharma
(glidor@gmail.com)
(21056 Points)
Replied 13 May 2011
no, capital gain arise only when we sale at higher cost.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Course on Foreign Exchange Management Act (FEMA)(without recording)