Sandbpunekar (Homemaker) 20 August 2017
NRI wants to sale the flat in Pune Maharashtra and donate the amount to relatives( father, mother, brother sister). After the sale of flat another property is required to be purchased within a year or to keep the amount in Capital Gain Account. Can I donate Capital Gain Amount kept with Bank to my above relatives and avoid Gift Tax. Should I execute Gift deed for amount in Capital Gain Account in favour of relatives.
GANDHI MOHAN BHARATI (Pensioner) 21 August 2017
One cannot avoid capital gains tax by donating the same to relatives
Advocate Kappil Cchandna (Expert Bail & Criminal Defence Lawyer at Delhi Supreme Court of India) 21 August 2017
Sir,
Kindly call CA Karan Chandna at (9871563826) for the opinion ....
Warm Regards
Kapil Chandna Advocate
9899011450,9911218741
https://kapilchandnaadvocate.wordpress.com/
Sandbpunekar (Homemaker) 23 August 2017
I am thankful to Shri Gandhi Mohan Bharati, Adv. Kapil Chandana, Shri Jigyasu, and Adv. Dingra for valuable reply given on the subject.
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