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NITIN KUMAR SINHA   22 June 2023

Gift deed to spouse for home

I executed the Gift Deed of my home to my spouse Will there be any tax for donor or donee


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 3 Replies

kavksatyanarayana

kavksatyanarayana (subregistrar/supdt.(retired))     22 June 2023

Yes.  Gift tax/.  But consult a local CA or CS.

Rama chary Rachakonda

Rama chary Rachakonda (Secunderabad/Highcourt practice watsapp no.9989324294 )     22 June 2023

 the gift of any asset (movable or immovable) made to certain specified relatives is fully exempt from tax in the hand of the recipient without any upper limit.

P. Venu

P. Venu (Advocate)     22 June 2023

Yes, the there is no liability to pay any gift tax.


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