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Sridharan (Inspector of Central Excise)     12 October 2019

Family settlement tax implication

My sister is settling her share of my father's property(who died four years ago) in my favour. I am going to give her some cash for settling the family property amicably. Is there any income tax implication in this transaction.


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Dr. MPS RAMANI Ph.D.[Tech.]

Dr. MPS RAMANI Ph.D.[Tech.] (Scientist/Engineer)     14 October 2019

She is liable to pay capital gains tax. 


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