Gift tax immoveable property

I DONT THINK THIS WILL BE TAXABLE AS THE GIFT HAS BEEN MADE BY A CLOSE RELATIVE (DAUGHTER) .

BUT PLEASE WAIT FOR OTHERS TO REPLY.

No tax liability for either the man or his daughter. But the gift deed will have to be stamped and registered.

Gift from father to daughter is specifically excluded from setion 56 (2) (vi) , also gife received on teh occassion if the marriage of the individual is also excluded, hence in your case the gift won't be taxable to Daughter even though the stamp value of plot exceed the maximum limit presecribed u.s 56(2)(vi) of Income tax act.

In this query people did talk about registering the gift deed , the very reason is Income tax official will ask for that but I am just wondering , does section or rules tallk about that?

Rgds,

Madav