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Gift

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 April 2012 MY FATHER/MOTHER IN LAW WANT TO GIVE SOME PART OF LAND(NA LAND) AS GIFT, SO IT IS TAXABLE FOR ME
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Vivek Mehta (CA, DISA,CS, MBA)

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Vivek Mehta (CA, DISA,CS, MBA) (Expert)
27 April 2012 this is a gift frm the reltives, hence not taxable.
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CA Prashant Gupta

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CA Prashant Gupta (Expert)
27 April 2012 gift from ascendant / descendant of spouse not taxable.
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