income tax
This query is : Resolved
Rakesh Kumar Kumawat
(Querist)
08 June 2018
hello sir
assessee is received an immovable property as a gift from his father.in this case assessee is liable to pay tax on this immovable property.if yes
which head and treatment???
08 June 2018
No... Assessee not liable to Tax. It's not taxable taxable as per definition of Relatives...
Rakesh Kumar Kumawat
(Querist)
08 June 2018
thanks sir
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