income tax treatment on plot gifted to son by father
Satish Kavitake (395 Points)
15 January 2019
what is the income tax treatment on industrial plot gifted to son by father...
2 Replies
MOHAMMED IMRAN
(1020 Points)
Replied 15 January 2019
no income tax liability arise in the above case
kamna gorver
(136 Points)
Replied 15 January 2019
no cap gain becz as per 47 this is not treated as transfer
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