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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.
Replies (2)
Quick Summary
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)
Amit
distributing gifts to relative is not taxable in the hands of transferee.
refer sec 56 (2)(x).
distributing gifts to relative is not taxable in the hands of transferee.
refer sec 56 (2)(x).
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