Hi Fnds
I need Your Suggestion
I Have a Property In My Individual Account, That Property i want to Transfer to My Brother Ind account,
What Entry i will Pass in My Statement(Where E.g:-Capital account or Balance Sheet)
RAKESH KUMAR BEHERA (STUDENT) (185 Points)
09 July 2016Hi Fnds
I need Your Suggestion
I Have a Property In My Individual Account, That Property i want to Transfer to My Brother Ind account,
What Entry i will Pass in My Statement(Where E.g:-Capital account or Balance Sheet)
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182367 Points)
Replied 09 July 2016
If with any consideration or exchage, to Capital account otherwise BS
RAKESH KUMAR BEHERA
(STUDENT)
(185 Points)
Replied 09 July 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182367 Points)
Replied 09 July 2016
Gift to brother/Wife both a capital asset trasfer; but in case of Wife, clubbing provision on income shall apply.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(182367 Points)
Replied 13 June 2023
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