Easy Office
Easy Office

Gift-Tax Consequences

This query is : Resolved 
Profile Image

Profile Image

(Querist)
06 January 2011 one of our client want to gift his one of the flat to his son.

kindly let me know the tax consequences. How can one avoid tax through gifting ?
Profile Image

CA Sanat Pyne

Profile Image

CA Sanat Pyne (Expert)
06 January 2011 NO INCOME TAX LIABILITY ARISES ON TRANSFER OF PROPERTY TO SON.BECAUSE GIFT TO RELATIVE IS NOT TAXABLE.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links