Gift tax

Pravindra Ranjan Choudhary (self ampoloyed) (53 Points)

09 December 2017

I want to give agriculture land to my Maternal Grandmother by the registered Gift deed, is there any tax liability? Please help me.

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5 Replies

CA Sahil Thakral (CHARTERED ACCOUNTANT ) (242 Points)
Replied 09 December 2017

no taxability under section 56 2(x)
grandmother covered under relative list

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 09 December 2017

Yes.. I agreed to CA Sahil Thakral...

Grandmother is under relative definition. no more tax liability....

RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 09 December 2017

Yes.. I agreed to CA Sahil Thakral...

Grandmother is under relative definition. no more tax liability....

Pravindra Ranjan Choudhary (self ampoloyed) (53 Points)
Replied 10 December 2017

thank u very much sir,
my query above Maternal Grandmother (Nani). Sir, please clear this query.

CA Sahil Thakral (CHARTERED ACCOUNTANT ) (242 Points)
Replied 11 December 2017

No nani will not covr under relative list

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