Is tax applicable on Capital Gains?- Property Hotline
August 18, 2016
2
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2:16Now PlayingIs tax applicable on Capital Gains?- Property Hotline
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as posted by the channelExpert: Ashish Sodhani, Associate - International Tax Practice at Nishith Desai Associates.
Question: My mom sold her house to her sister. Her sister (my aunt) has given me my share to me through cheque. Do I have to pay tax on that?
Answer: Capital gains is calculated on consideration received less cost of acquisition. Since the consideration is paid as a share, you should be liable to pay capital gains.
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