Query in GIFTS... Reply soon!!

Whizkid (student) (640 Points)

20 October 2010  

 

As per the latest finance act, it has been stated that Any "Immovable property received as gifts is NOT TAXABLE with retrospective effect from "01.10.2009" ... Is this provision applicable for NOV 2010 PCC examinations,,,??? OR as per finance act act 2009, We should tax the immovable property ...?? Revert soon....