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GIFT query
Gift from father is taxable for not
Replies (3)
If father gives son an apartment in 2003 with his pension money in son's name. Then son must only pay Capital Gains tax when the house is sold. For example, a house in 2003 cost 8 lakhs sold today 65 lakhs. Well, taxable only under capital gains tax.
if father give 10000 ruppess then
If father gives 18000 rupees, register for CA inter.
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