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Tax impact on gift given

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Querist : Anonymous

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Querist : Anonymous (Querist)
14 April 2014 As i would like to gift a property worth about 1 crore to my friend let me know what tax impact on donor side
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 April 2014 gets covered under capital gains...you will have to pay capital gains tax.

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