Eligible for tax free gift?
This query is : Resolved
03 December 2013
Respected all,
Mrs.Vani is an individual assessee. Her husband's mother wants to give a house site to Mrs Vani as a gift. Is it taxable gift?
BALU
Mrs.Vani is an individual assessee. Her husband's mother wants to give a house site to Mrs Vani as a gift. Is it taxable gift?
BALU
03 December 2013
no this is not taxable.it will treated as tax free income under section 56(2) (vii) of it act 1961
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