jhetani gifted
property to devrani is taxable or tax free
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Gift taxable or not
Replies (8)
Tax free as from relative ...u/s. 56(2) of Income Tax act.
there is no tax on gift according to sales of goods act
Spouse of the individual
Brother or sister of the individual
Brother or sister of the spouse of the individual
Brother or sister of either of the parents of the individual
Any lineal ascendant or descendant of the individual
Any lineal ascendant or descendant of the spouse of the individual
Spouse of the person referred to in clauses (ii) to (vi).
.
In the above it is not covered. So it is taxable
Brother or sister of the individual
Brother or sister of the spouse of the individual
Brother or sister of either of the parents of the individual
Any lineal ascendant or descendant of the individual
Any lineal ascendant or descendant of the spouse of the individual
Spouse of the person referred to in clauses (ii) to (vi).
.
In the above it is not covered. So it is taxable
yes, it should be taxable as they are not relative as per the definition
100% it is non taxable
Read definition of relatives carefully again
Read definition of relatives carefully again
100% Taxable
it's not taxable
it's taxable since derani jethani do not fall under relative at all..
Read definition of relative carefully
Read definition of relative carefully
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