property matter
Ravi Khemani (70 Points)
23 August 2017
i want to ask 1quston about property.any frnd can gift a property to his frnd without taking money
2 Replies
Abhishek Pithisaria
(Student)
(150 Points)
Replied 23 August 2017
section 56 provisions will apply. Transfer of immovable property without consideration. If the stamp value of the property is more than 50000 then whole amount is taxable
Dhanabalan.K
(Student CA IPC / IPCC)
(82 Points)
Replied 23 August 2017
read with section 56(VII)(2) & taxable in Hands of transferor under the head capital gains
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