Menu
Immovable property As Gift to Relative
Can any person transfer his own immovable property (agricultural land) to family member not for any consideration i.e. as a gift ?
Replies (5)
Yes, can transfer but if any income generated from such immovable property then clubbing provision will applicable on the income.
Clubbing provision will be applicable if land is gifted to wife/Daughter in law otherwise not.
Yes, Immovable Property can be transferred to Relative without consideration and no tax consequences will be there.
Further clubbing of income would be done only if the Receiver of such gifted property is WIFE/Son's Wife.
Further clubbing of income would be done only if the Receiver of such gifted property is WIFE/Son's Wife.
CASE: GIFT OF MY INHERITED LAND/PLOT(FROM MY LATE MOTHER) TO MY WIFE'S BROTHER'S DAUGHTER FOR HER MARRIAGE-IS IT EXEMPT FROM TAX? PLEASE CLARIFY.
EMAIL: venkat.dsai29 @ gmail.com
CASE: GIFT OF MY INHERITED LAND/PLOT(FROM MY LATE MOTHER) TO MY WIFE'S BROTHER-THERE IS NO OCCASSION OF MARRIAGE-IS IT EXEMPT FROM TAX? PLEASE CLARIFY.
EMAIL: venkat.dsai29 @ gmail.com
Recent Topic
- Due date of ITR for Option Trader
- Cancelled invoice entry
- Debt Mutual Fund Tax in New Regime
- Amount distributed by a Co-op. Hsg Society to its
- Delayed reported invoice in GSTR1
- Kusumgar IPO Listing Date: Shares Debut on BSE, NS
- When is Diwali in 2026? Date, Muhurat Timing and D
- Amount received by son from PPF closure proceeds o
- Clarification on Nature of Payment Code for NRI Pr
- Fee received as Independent Director
Related Topics
CAclubindia
