Immovable property as a gift
This query is : Resolved
12 April 2023
Mr.x ( brother) has given agriculture land as a gift to Mrs.y ( sister) .
1.Is there any tax liability in the hand of mrs.y?
2.Is there gift deed upload to income tax portal while filing of ITR?
1.Is there any tax liability in the hand of mrs.y?
2.Is there gift deed upload to income tax portal while filing of ITR?
12 April 2023
1. No, it is tax exempt when gift received from brother.
2. No upload of any additional documents possible; just declaration is enough.
2. No upload of any additional documents possible; just declaration is enough.
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