Transfer of immovable property & tax implications
ajit (Deputy Manager-Accounts) (31 Points)
23 October 2016ajit (Deputy Manager-Accounts) (31 Points)
23 October 2016
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160292 Points)
Replied 24 October 2016
Any Gift received from Bhabhi and chhachi is tax exempted for receiver. and no tax liability to donor. So, no tax liability on anyone; she can gift the land part to you & your children.