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amit jain (banda)     23 August 2020

CAPITAL GAIN

Whether giving of immovable property as gift to relative or non relative is chargeable to capital gain tax in the hands of transferor or not.


 2 Replies

priyanka pal

priyanka pal   23 August 2020

No. but if immovable property traf as a gift to non relative and sdv is more than 50000 then sdv is taxable in hands of transfree( non relative) u/s 56(2)(x)
sabyasachi mukherjee

sabyasachi mukherjee   23 August 2020

Amit



distributing gifts to relative is not taxable in the hands of transferee.

refer sec 56 (2)(x).

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