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Income Tax - Highlights / Catch Notes

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Capital gain on property gifted - Execution of sale deed instead ...

Income Tax

July 13, 2023

Capital gain on property gifted - Execution of sale deed instead of gift deed wrongly in favor of Daughter in law (DIL) - DIL has not paid the amount as mentioned in the sale deed - No capital gain can be computed in respect of the sale deed executed in favour of Donee as it is only a gift to close relative and not a sale - AT

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