Gift tax

This query is : Resolved 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
06 August 2014 i want to gift my house to my husbands brother who later wishes to sell it.What will the tax implications be ?

I know that since husbands brother falls under the definition of 'relative' gift should not be taxable.But will any clubbing provisions be applicable on capital gains tax

06 August 2014 Since u has transferred the property in name of ur husband's brother, hence it will b taxable on his hands and not on urs.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 August 2014 Can you please explain since gift from relative is exempt. how will it be taxable ?

06 October 2021 No clubbing provision applicable in your case.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news



Answer Query