Easy Office
LCI Learning

Tax implication on transfer of property within blood relation

This query is : Resolved 
Profile Image

Profile Image

(Querist)
08 June 2024 What is the tax implication on transfer of property within blood relation via gift deed or conveyance deed ?
Profile Image

Dhirajlal Rambhia

Profile Image

Dhirajlal Rambhia (Expert)
08 June 2024 Any property received by gift deed or transfer deed without cost or at lower cost, from 'Relatives' (as defined u/s. 56(2)(x) IT act) is not taxable.
Profile Image

CA Puja Sharma

Profile Image

CA Puja Sharma (Expert)
08 June 2024 There is no additional tax liability when a propery is transfered by a gift deed from relative
Upgrade to CAclubindia Pro. Subscribe Now!


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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


CCI Pro
Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links