Gift tax

This query is : Resolved 

04 August 2010 What is the Tax Rate of Gift by way of Cash? and Immovable property?

04 August 2010 IT WILL BE TAX AT NORMAL RATE OF TAX IN HAND OF RECEIVER.

04 August 2010 https://www.caclubindia.com/share_files/synopsis-of-taxability-of-gift-27904.asp

Please check above file to know whether gift is taxable or not.

Tax rate is normal tax rate applicable to assessee.


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