Taxability of gift of immovable property by a sister to brot
This query is : Resolved
14 May 2014
Dear All,
Please advise whether gift of immovable property (stamp duty value Rs. 10 lacs)by a sister to his brother is chargeable to income tax in the hands of his brother.
Thanks in advance.
Rgds,
Ramesh
Please advise whether gift of immovable property (stamp duty value Rs. 10 lacs)by a sister to his brother is chargeable to income tax in the hands of his brother.
Thanks in advance.
Rgds,
Ramesh
14 May 2014
No Ramesh Gifts from Relatives r Fully exempted from Tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Where to show the RCM on Rent paid to unregistered landlord
- Is Aadhar PAN linking required for opening bank account?
- Applicability
- CPC Processing IT Return for AY 2023-24 without recognizing the Taxation Option under New Regime
- Offsetting interest income against derivative trading losses
- RCM - commercial rent paid to URP under GST
- TDS NUMBER SURRENDER
- Legal heir raised refund , but refund issued to the closed account of deceased.
- Gst Sales of FY 2023-24
- GSTR-3B - Do I file nil when there is no sale but I've bought raw materials
- Whether still royalty
- 20% OF DEMAND PAYMENT IN APPEAL
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding Resignation by Auditor from Pvt. Ltd.
Trending Online Classes
-
Excel Mastery Program
CA Rishabh Pugalia
CAclubindia
