Menu
tax query ...help please
a woman got 22 lakhs by sale of her house. she wants to transfer that 22 lakhs to her daughter . Daughter already got 11 lakhs ( which doesn't count in 22 lakhs). so how to transfer 22 lakhs without tax or least tax payment?
Replies (1)
She will have to pay tax for Capital Gain for sale of her house. She can give 22 L to her daughter as a gift without any tax implication. It is advisable that proper gift deed should be executed.
Recent Threads
- Registration as deductor on traces site
- Rental Income from a Joint Holding property
- Itr 4 return filing question
- Whether GST applicable on Hardship Compensation pa
- ITC cannot be denied to Bona Fide Buyers for Suppl
- Unused ITC for Hotel after GST Change
- CA FINAL SPOM
- 44ad presumption of tax
- Friendly loan to blood relative?
- Tds penalty for in operative pans
Related Threads
CAclubindia
