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Property matter

harsh Sojitra (9 Points)

26 January 2020  
if a person is having 4 or 5 properties on his name and wants to distribute to his cousin brothers without consideration then can he do so ?
will there be any tax liability on any party ?

 2 Replies

Kapadia Pravin (17209 Points)
Replied 26 January 2020

If all these persons fall in the category of relatives, then no tax pax payments by any person.

Roshni (Studwnt) (1141 Points)
Replied 26 January 2020

Cousin brother won't be your relative as per act therefore Tax applies

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