canikhil
understood & thank you
This is the case of one my neighbour, a old lady finding difficulty with her daily expenses & the donor , her daughter is working with source income.
Old lady, trying to sell her house & this is temporary arrangement to meet her ends.
By the way, are you a practising CA canikhil?
understood & thank you
This is the case of one my neighbour, a old lady finding difficulty with her daily expenses & the donor , her daughter is working with source income.
Old lady, trying to sell her house & this is temporary arrangement to meet her ends.
By the way, are you a practising CA canikhil?
Its better to gift (or by way of will) house to her daughter(s)
(In case of gifting house one has to pay transfer charges only)
Because if she sells house, she may have to pay capital gain tax, may be huge, though CG tax will depend on many factors.
A better tax planning will save on tax.
If you want suggestions, then it will be better if you post complete details.
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