Hi all,
Father has sold property in the month of Nov' 23 and want to gift the amount to his 2 daughters, what is the tax implication for this?
5 Replies
Sharath chandra
(Accountant)
(1227 Points)
Replied 10 January 2024
Father has to pay tax. capital gain tax, if any.
daughters are exempted from tax.
daughters are exempted from tax.
sabyasachi mukherjee
(27574 Points)
Replied 12 January 2024
Property sold capital gains.
gift tax implication.
gift tax implication.
Sharath chandra
(Accountant)
(1227 Points)
Replied 13 January 2024
What gift tax implication? explain..
sabyasachi mukherjee
(27574 Points)
Replied 14 January 2024
Blood relation gift tax is not applicable
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