I have doubt regarding new amendment made in A. Y. 2010-11, as per amedment made in Section - 56(iv), immovable property received without consideration as a gift will be taxable and charging amount will be stamp duty value of the property. I want to know whether it is taxable even if it is transfer to the relative?
Menu
Section - 56(iv)
Replies (3)
It is not taxable if transfer is to relatives.
Fatima we have to read Section 56 (iv) with the gift exemption, am i right na?
Yea, u r rite
Recent Threads
- Delivery Challan serial number Issue and return ru
- After filing form 71 For TDS mismatch
- UNCLAIMED TDS REFUND QUERY
- Rcm payable which head
- Query of GST
- Long Term Capitalgains on sale of residential prop
- How Salaried Individuals Can Reduce Capital Gains
- NSTPI registration
- GST PAID IN DELHI
- How to Trade Forex in India?
Related Threads
CAclubindia
