Gift of land


This query is : Resolved 

11 November 2015 gift of land by father in law to his daughter in law. what are the tax implications ??

11 November 2015 Transactions not regarded as transfer.

sec 47 of income tax act 1961.

any transfer of a capital asset under a gift

https://www.incometaxindia.gov.in/Pages/acts/income-tax-act.aspx


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