banner_ad

Property gift to my niece's minor son - Tax liability to donor or donee?

Tax queries 297 views 2 replies

Hello

I am a widow with no legal heir. I have gifted my house which is in my name (worth 1.5 cr) to my niece's minor son vide a gift deed.and made my niece and her husband as guardians. I have paid stamp fee and court fee. What would be tax liability to either of us? Since my niece's son is minor, I don't think there will be any tax liability for him. The said property was purchased in my name by my husband.

Thanks 

Replies (2)

there is no taxability in this case.

Thank you for replying 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 31 May 2026
Article Assistant

KPRS And Associates

New Delhi

CA Inter

View Details
Company
26 May 2026
Audit executive

vdsr & co LLP

Chennai

CA Inter

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
21 May 2026
Associate

PWC

Kolkata

CA

View Details
Company
ARTICLESHIP 27 May 2026
CA Article Trainee

Rahul Dang & Associates-Chartered Accountants

Pune

CA Inter

View Details
Company
23 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details