gift tax..in the hands of the giver

391 views 1 replies

what is the tax treatment of gift in the hands of the person who gives such gift??

could you explain it under the below contexts...1.money 2.immovable property..

iam aware of sec 56 but how does it go in the hands of a person who is giving it??

also are we supposed to get the gift resistered(sorry if its the wrong word to use)??

Replies (1)

There is no tax in the hands of the giver of gift. It is taxed only in hands of the receiver.

The gift deed should be made on a Rs. 100/- stamp paper. It would suffice.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 08 July 2026
Articles

AJAY SINGH AND CO LLP

Thane

CA Final

View Details
Company
ARTICLESHIP 30 June 2026
Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
29 June 2026
Accountant (Finance & Compliance)

TRIEYEZ

Kolkata

CA

View Details
Company
ARTICLESHIP 30 June 2026
Article Assistant or Paid Assistant

VIKAS VERMA & CO

New Delhi

Others

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
20 June 2026
Assistant Accounts Manager

Fintax Professionals

Gurgaon

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details