Home / 
No Capital Gain Recognized When Property Transferred to Beneficiary; 2% Commission Income Involved.
X X X X Extracts X X X X
X X X X Extracts X X X X
....If the property was acquired on behalf of another person and thereafter transferred to such another person, then there cannot be any capital gain in the hands of the assessee - Commission income on this transaction is to be estimated at 2%.....