Land buying


This query is : Resolved 

Quick Summary
This discussion clarifies whether a brother can gift land to his brother-in-law using a gift deed. The consensus is that if the land was purchased by the brother using his own income, it can indeed be gifted. Importantly, there is no tax payable on such a gift transaction.

16 January 2022 sir,
can my brother give a land to my husband as a gift deed which was purchased by him out of his own income.

16 January 2022 Yes, no tax payable on such gift.

17 January 2022 Thank u very much sir

17 January 2022 You are welcome.....


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