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.
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