Transfer of property via gift deed
This query is : Resolved
29 December 2016
Dear Sir,
My mother gifted me a residential flat via registered gift deed in the current financial year. Do we, the donor and the donee are required to mention / reflect the said gift in our income tax returns for the current financial year.
My mother gifted me a residential flat via registered gift deed in the current financial year. Do we, the donor and the donee are required to mention / reflect the said gift in our income tax returns for the current financial year.
29 December 2016
Only donee can show it under exempted income.
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