Gift tax on property
This query is : Resolved
17 January 2013
Hi All,
I need your help.
My question is regarding a property own by my Tayi Ji & she would like to gift a property to my mother. So i would like to know how we can do it? & is there any Tax involve which do we need to pay?
Kindly reply asap.
Best Regards,
Rahul,
Delhi
I need your help.
My question is regarding a property own by my Tayi Ji & she would like to gift a property to my mother. So i would like to know how we can do it? & is there any Tax involve which do we need to pay?
Kindly reply asap.
Best Regards,
Rahul,
Delhi
17 January 2013
Gift within "relative" is not covered under section 56 of income tax act.
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