Gift deed registration


This query is : Resolved 

Quick Summary
This discussion clarifies the tax implications of registering a gift deed, particularly when the recipient is not a relative. It confirms that gifting property to a non-relative does not typically save on taxes. Furthermore, if the recipient of the gifted property decides to sell it, they will be liable to pay capital gains tax on the sale.

(Querist)
28 June 2020 Sir, If Gift deed Registration of property is done in the name of a non relative, will the taxes be saved.
Thank you

28 June 2020 No, taxes payable.......

123456 (Querist)
29 June 2020 Sir, if the registered gift deed holder , sell his gifted property, does he need to pay taxes.
Thank you.

29 June 2020 He needs to pay capital gains tax.


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