Gift tax
This query is : Resolved
10 September 2017
Sir, for gifting of an immovable property without having any consideration to a non relative what would be the tax liability for donee and whether doner of d property needs to pay any tax? here both doner n donee are individual n both r not relative as they are friend.
Sir please clarify this as per applicable section.
Sir please clarify this as per applicable section.
10 September 2017
Gifts will not be taxed if the gift is received from a relative or received by way of inheritance or by way of will or received on marriage or received from any institutions mentioned under Sec 10(23C).
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10 September 2017
In other cases, the donee needs to pay tax and donor will not be subject to any tax.
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06 April 2018
thanx alot for your reply, very much satisfied from you.
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