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.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Itr 1 processing
- Off Market debit and credit transaction
- Reporting Income under Section 44ADA
- Building and other construction workers welfare cess act 1996
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Bank accounts of Non resident
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
