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Property matter


harsh Sojitra   26 January 2020

harsh Sojitra

 4 points

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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 ?

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Kapadia Pravin   26 January 2020

Kapadia Pravin

 911 likes  14263 points

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

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Roshni (Studwnt)     26 January 2020

Roshni
Studwnt 
 66 likes  997 points

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


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