Gift Received from nonblood relative
This query is : Open
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.
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