Tax planing
This query is : Resolved
07 October 2015
I have rural agriculture land form my father ' s father, i sold the land to other without NA. i received purchase consideration three name which are the mother, brother, married sister. so that what amount of tax i should pay for PC. who is responsible to pay income tax ? if mother their share gifted to their daughter then what amount of tax burden ? who should pay tax for that amount ?
07 October 2015
No tax payable on rural agricultural land situated aerially beyond 8 kms from municipal limits.
No tax liability on gift to daughter.
No tax liability on gift to daughter.
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