Donation/gift
This query is : Resolved
Robin Valentine
(Querist)
22 September 2012
My brother inlaw an NRI has sold Land in India and wants to give money to me what are implication of tax.I have regular Income of Agriculture.The cash Part can be shown under this.
RV
RV
CA Ayush Agarwal
(Expert)
22 September 2012
This is Not Taxable.
Specify Your Brother in Law relation.
Mostly All Relations are Covered u/s 56-2
Specify Your Brother in Law relation.
Mostly All Relations are Covered u/s 56-2
Robin Valentine
(Querist)
22 September 2012
Sisters husband.Can you give me list of relation.On receiving about 1 Crore what tax I have to pay.
CA Ayush Agarwal
(Expert)
22 September 2012
Sister's Husband is not Included.
All Ascendant & Descendant of Person Receiving Gift
All Ascendant & Descendant of Person Receiving Gift
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