Please Help: Transfer of Property
Posted Date : 18-Apr-2013 , 03:00:19 pm | Posted By Arpit Singhal
A father wants to gift his daughter his property whose market value is 3 crore so i want to know that will it be taxable in the hands of daughter ? if yes why ?
Category : Income Tax | Answers : 1 | Comments : 1 | Hits : 77
Answers
Answer By: Rishabh Upadhyay
Gift in Kind to daughter, will not be subject to tax
Comments
Dilbagh Singh
18-Apr-2013 , 05:47:00 pmgift in blood relations are not taxable provided it is an irrevocable transfer