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Tax planning of capital gain
A want to gift a long term property to his friend B without any consideration in F.Y. 16-17, stamp value of that property is 25 lacs . A purchased this property 2005-06 in 5 lacs. What will be tax implication in the hand of A & B. & What is best tax planning to save tax.
Replies (1)
Any family relation between A & B?
If no; B will be liable to pay tax on the gift.
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