Gift v/s Relinquishment

[Rahul Bagaria]

Capital Gains will be for the giver who is relinquishing the rights or taker (new person who gets the property rights)

AI Summary

Who Pays Capital Gains Tax on Property Transfer Through Relinquishment? The Relinquishing Party is Liable. In a discussion about the tax implications of gift versus relinquishment, a query was raised about who is liable for capital gains tax when property rights are transferred. The response clarified that in the case of relinquishment, the individual relinquishing their rights is subject to capital gains tax.