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Income Tax - Highlights / Catch Notes

Home Highlights December 2022 Year 2022 This

Capital Gains - property was transferred by the assessee to his ...


Taxpayer's Property Sale to Mother Triggers Capital Gains Tax u/s 50C, Sale Consideration Rs. 5 Lakh.

December 29, 2022

Case Laws     Income Tax     AT

Capital Gains - property was transferred by the assessee to his mother by way of sale deed - addition u/s 50C - the impugned property transferred by the assessee to his mother for consideration of Rs. 5 Lakh is liable to be brought under the ambit of capital gain. - AT

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