income tax
sujin (accounts executive) (222 Points)
01 August 2018my grandfather giving me sum of 40,00,000 lakh for buying land in my name... is it taxable?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177852 Points)
Replied 01 August 2018
No, make Gift deed & transfer the amount by banking mode... (assuming the amount to be gifted is tax paid)