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Gift (Income Tax)

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This query is : Resolved

Author : Anonymous

( Author )
27 April 2012

 MY FATHER/MOTHER IN LAW WANT TO GIVE SOME PART OF LAND(NA LAND) AS GIFT, SO IT IS TAXABLE FOR ME


Vivek Mehta (CA, DISA,CS, MBA)

( Expert )
27 April 2012

 this is a gift frm the reltives, hence not taxable.


CA Prashant Gupta

( Expert )
27 April 2012

 gift from ascendant / descendant of spouse not taxable.



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