Poonawalla fincorp
Poonawalla fincorp

Donation/gift

This query is : Resolved 
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(Querist)
22 September 2012 My brother inlaw an NRI has sold Land in India and wants to give money to me what are implication of tax.I have regular Income of Agriculture.The cash Part can be shown under this.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
22 September 2012 This is Not Taxable.
Specify Your Brother in Law relation.
Mostly All Relations are Covered u/s 56-2
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Robin Valentine

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Robin Valentine (Querist)
22 September 2012 Sisters husband.Can you give me list of relation.On receiving about 1 Crore what tax I have to pay.
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CA AYUSH AGRAWAL

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CA AYUSH AGRAWAL (Expert)
22 September 2012 Sister's Husband is not Included.

All Ascendant & Descendant of Person Receiving Gift

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