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Govt emplyee receiving cash rs 7 lac from father by selling property

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14 April 2015 if a govt employee receives rs 7 lac as his share from his father who has sold his property. would this amt be taxable or not?
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
14 April 2015 If Father is selling his own property and giving Rs. 7 Lac to his son, the amount is not taxable in the hands of son. However, father will be liable for capital gains tax.
if there be any.
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