Gift Received from nonblood relative
This query is : Resolved
Manjunatha shetty M K
(Querist)
19 September 2026
Dear Experts my friend is going to receive immovable property sale consideration value as per sub registrar is Rs.4800000/- (Stamp duty payable is around Rs.360000) here my query is my friend is included the stamp duty value or property value in his IT returns income from other sources. and what is the income tax applicability to the donor, Please clarify the same at the earliest. Thanks in advance.
19 September 2026
The recipient must declare the full Stamp Duty Value of ₹48,00,000 under "Income from Other Sources" in their IT return and pay slab-rate tax on it, while the donor incurs no capital gains tax on the gift transaction.
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