Tax on Sale of Disputed Property under Court Case

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  1. jainnaveen40

    jainnaveen40 New Member

    my wife got a gift of a residential flat from my father in june 2010 for zero consideration.she sold the same in feb 2014 for consideration.since 2010 the property is under a court case and registryheld up. . registry papers have been submitted to registrar but have not been transferred till date to the buyer. entire sale proceeds received in feb 2014. and TDS paid to IT deptt in feb 2014.
    (i) will capital gain tax accrue to my wife and in which FY
    (ii) will capital gain tax accrue to my father ?
    (iii) is it a valid gift
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