Gift under income tax act

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Sir, I have a query regarding the attraction of 'GIFT TAX' on transfering a built up property by me to my blood related brother's daughter by way of gift deed. 

Please let me know, as to wheather such transfer of property by way of gifting, will attract 'GIFT TAX' under the Income Tax Act ?

 

Thx

Replies (1)
No gift tax if transfer by deed. And clubbing provision are apply and income fro other sources are also apply .


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