Menu
Gift tax
Hi, I have query regarding Capital Gain Tax Actually my father have house at nashik and my father want to sale it at Rs.15 lk which was built in F.Y 1984at 50000. My Father want to give money to me .How much tax my father have to pay.
Replies (1)
Gift of money from your father to you is not liable to tax in hands of you.
As per section 56 any gift received from relative is out of purview of secton so. not liable tax in hands of receipnt.
your father is liable for capital gain tax after taking benefit of indexation.
As per section 56 any gift received from relative is out of purview of secton so. not liable tax in hands of receipnt.
your father is liable for capital gain tax after taking benefit of indexation.
Recent Threads
- Invoice related audit
- Gst input credit related
- Updated ITR as missed the dead line
- Change if place of business l
- Purchase from unregistered dealer garments busines
- TDS DEDUCTED BUT NOT PAID BY EMPLOYER
- GST RCM GTA
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
Related Threads
CAclubindia
