can you gift a residential property to mother’s sister’s daughter - [mosi ki ladki]. Will it be considered as a gift to relative ? How do we show it in ITR ?
harsh chauhan (businessman) 23 December 2020
can you gift a residential property to mother’s sister’s daughter - [mosi ki ladki]. Will it be considered as a gift to relative ? How do we show it in ITR ?
Advocate Bhartesh goyal (advocate) 23 December 2020
You can gift immovable property to anyone whether he or she is your relative or not. Gift deed should be duly executed and registered with sub registrar office.
Isaac Gabriel (Advocate) 23 December 2020
Gift tax will be levied for the value.
Balusa Somasekhar 15 February 2021
Gift given to relatives exempt from gift tax
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