Gift tax
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 March 2017
Hi,
I am working in Germany.
1. If i gift money to my father in law will it be taxable to him?
2. If he buys agricultural land by that money is that ok?
3. Can he gift the same agricultural land to me after few years? will it be taxable to me?
Thanks
Manish
I am working in Germany.
1. If i gift money to my father in law will it be taxable to him?
2. If he buys agricultural land by that money is that ok?
3. Can he gift the same agricultural land to me after few years? will it be taxable to me?
Thanks
Manish
17 March 2017
1 Such gifts not taxable.
2 Buying agricultural land in his name is OK.
3 Agricultural land can't be gifted to you, it is prohibited.
2 Buying agricultural land in his name is OK.
3 Agricultural land can't be gifted to you, it is prohibited.
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