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Gift tax

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 August 2014 i want to gift my house to my husbands brother who later wishes to sell it.What will the tax implications be ?

I know that since husbands brother falls under the definition of 'relative' gift should not be taxable.But will any clubbing provisions be applicable on capital gains tax
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Sandeep Dharar

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Sandeep Dharar (Expert)
06 August 2014 Since u has transferred the property in name of ur husband's brother, hence it will b taxable on his hands and not on urs.
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Querist : Anonymous

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Querist : Anonymous (Querist)
08 August 2014 Can you please explain since gift from relative is exempt. how will it be taxable ?
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
06 October 2021 No clubbing provision applicable in your case.

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