Gift tax
This query is : Resolved
17 May 2012
Hello Sir,
Please let me know on the gift tax deatails on below :
We( Me & my husband ) have bought a plot , but have got it registered on my Mother In Law's name as we were not available for registration at the time.
We now want to get it transferred to my husband's name , which we belive can be best done by way of a gift deed.
Please advise us on the gift taxes if any ? or any other ownership issues, we might have to face later on ? Is this the best option to plan for our taxes?
Please let me know on the gift tax deatails on below :
We( Me & my husband ) have bought a plot , but have got it registered on my Mother In Law's name as we were not available for registration at the time.
We now want to get it transferred to my husband's name , which we belive can be best done by way of a gift deed.
Please advise us on the gift taxes if any ? or any other ownership issues, we might have to face later on ? Is this the best option to plan for our taxes?
17 May 2012
yes gift via gift deed to you husband would be the best option and will not attract any kind of income tax but may attract gift tax.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- ITC temporary reversal and reclaim
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Tds on building rent monthly
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
- Strategical investment in Public listed company
Trending Online Classes
CAclubindia
