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Gift tax

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(Querist)
04 August 2010 What is the Tax Rate of Gift by way of Cash? and Immovable property?
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CA. BIJENDER KR. BANSAL

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CA. BIJENDER KR. BANSAL (Expert)
04 August 2010 IT WILL BE TAX AT NORMAL RATE OF TAX IN HAND OF RECEIVER.
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CMA. CS. Sanjay Gupta

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CMA. CS. Sanjay Gupta (Expert)
04 August 2010 https://www.caclubindia.com/share_files/synopsis-of-taxability-of-gift-27904.asp

Please check above file to know whether gift is taxable or not.

Tax rate is normal tax rate applicable to assessee.
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