Capital gain tax

Vijaya (Querist) 25 July 2016 This query is : Resolved
my mother in law (83yrs) and my daughter (20yrs) have a flat on joint name. She wants to make release deed and transfer her interest to my daughter to make my daughter full owner.
Do my daughter has to pay any capital gain or tax after acquiring full property.
If so how much ?

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R.K Nanda (Expert) 25 July 2016
Contact tax lawyer .

adv.bharat @ PUNE (Expert) 25 July 2016
If u share amount of transaction then we could guide you. u need to pay 10% for short term capital gain tax.

P. Venu (Expert) 26 July 2016
Whaere is the question of capital gain (for anyone) if it is release deed?

Rajendra K Goyal (Expert) 26 July 2016
No capital gains if not sold.

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