Dear All,
Recently i Have gifted a piece to land to one of my close friend, as i am donor do i also have to pay some Income tax on it. Thanks in advance for all
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Gift tax for donor
Replies (1)
Nope,
Its called gift in kind and taxable in the hands of gift receiver.
So that your friend have to pay tax.
Its called gift in kind and taxable in the hands of gift receiver.
So that your friend have to pay tax.
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