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Immovable property more than ₹50000 transferred to Son's wife , taxable in her hand or not ?
Replies (2)
Transfer of property as a gift will not be taxed under the Income Tax Act, 1961. However, the clubbing provisions will apply.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
Thank you sir
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