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Property transferred from cousin through Gift

This query is : Resolved 
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(Querist)
01 April 2026 Dear Sir,

If someone has received a property share in the form of Gift and proper Gift deed is made for that will this be taxable to the person who has received the property share.

Please help me in this matter.

Regards,
Divyesh
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
01 April 2026 Depends upon from whom he received the property share as GIFT.
If received from 'Relatives' as defined under IT act, no tax liability....
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