my father recieved a land from his friend sd value is 52,25,000 on the occasion of marriage . and my father was marriaged 20 years ago.
due to some problem my father's friend able to transfer now.
is that gift is exempted or taxable
note:
we have registered document.
and all other requisite documents.
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gifts under income tax
Replies (1)
Gift was taxable in that period/year.
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