Tax on gift
This query is : Open
Safique Sardar
(Querist)
10 September 2017
Sir what would be tax liability
for a gifting of an immovable property to a person other than relative/ non relative, what would be the tax liability for donee and whether doner of the property is liable to pay any tax and there is no monetory consideration and both are individual. sir please explain dis with applicable section.
for a gifting of an immovable property to a person other than relative/ non relative, what would be the tax liability for donee and whether doner of the property is liable to pay any tax and there is no monetory consideration and both are individual. sir please explain dis with applicable section.
CA Rashmi Gandhi
(Expert)
11 September 2017
Gift receuved by donee is taxable @30%
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