Real Estate India: Information about selling gifted property
Question asked by Mr Asma Ashfaq: Hello I am interested in selling a property received through a gift deed from my father. Will this invite capital gains tax ? Regards Asma Ashfaq Vatsala Answers: You can sell the property received through gift deed from your father. It will definitely attract capital gains tax. After payment of the applicable capital gains tax, the balance amount can be repatriated upto a maximum of 1 million US Dollars. Vatsala http://www.atoneplace.com For more information, kindly visit at Real Estate India or Online Real Estate Video .