Dear Sir,
My Client Received Land as Gift
So Gift is Taxable or exempt
If received from RELATIVE/S, then no tax; otherwise taxable.
Relatives as per sec. 56(2) of IT act.
RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (286 Points)
23 August 2021
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167055 Points)
Replied 23 August 2021
If received from RELATIVE/S, then no tax; otherwise taxable.
Relatives as per sec. 56(2) of IT act.
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(167055 Points)
Replied 24 August 2021
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