what will be the taxability of gift of inmovable property from any person on the occasion of marriage of individual?
And does definition of relative cover cousin of father of individual?
Menu
taxability of gift of inmovable property.
Replies (3)
Gift received on marriage occasion by bride or broom is tax free. So no tax liability for this gift.
Defination of relative does not cover cousin of father of assessee.
On the occasion of marriage of individual- no tax liability except employer employee relationship...
cousin of father of assessee is not cover...only blood relationship exists..
cousin of father of assessee is not cover...only blood relationship exists..
thanks.
Recent Threads
- Transfer of equity shares to original owner
- Login credentials and payment acknowledgement not
- Export sales not realised payment not received fro
- Capital gain account amount utilisation
- Form 26QB – Section 194-IA: TDS on Full Cons
- Indexation Benefit available or not on Calculation
- Documents for return exhibition material
- Can I set off equity losses(both short term loss a
- Input tax credit on rent to rent
- Family Pension Army
Related Threads
CAclubindia
