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m.prasad (B.Com)     24 September 2021

INCOM TAX

Hai
my friend received Gift (house) in September 2020 from grand mother it taxable or exempted


 4 Replies

Rama chary Rachakonda

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)     24 September 2021

Since you have received the gift from a specified relative (i.e. your grandmother), the transfer of this property would not attract tax. It would be advisable for you to document the gift in a legal document viz. a gift deed and place it in your records.

m.prasad

m.prasad (B.Com)     24 September 2021

Gift settlement deed register 

kiran bari

kiran bari (Student CA Final )     24 September 2021

How to tax amount received for waive of tendency right and how to calculate cost of acquisition in tendency right
m.prasad

m.prasad (B.Com)     25 September 2021

We're we have entered in ITR 3

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