TaxTMI 
TaxTMI 
Capital Gain
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....apital Gain<br> Query (Issue) Started By: - Ethirajan Parthasarathy Dated:- 28-9-2021 Last Reply Date:- 2-11-2021 Income Tax<br>Got 1 Reply<br>Income Tax<br>Property "A" and "B" are jointly owned by t....
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....wo sisters. It is mutually agreed that sister 1 will release her right in property "A" in favor of sister 2 and vice versa. Will this transaction amount to "exchange" resulting in Capital Gain or wh....
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....ether it can be treated as family arrangement which is out of preview of definition of "transfer" and hence no Capital Gain is attracted. Reply By CASusheel Gupta: The Reply: Since both are co-owne....
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....r, it can be treated as family arrangement CA Susheel Gupta 9811004443<br> Discussion Forum - Knowledge Sharing ....