Are immovable properties received as gift from friends liable to tax?

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... Gifts received from relatives are not charged to tax. Relative for this purpose means: ( a ) Spouse of the individual; ( b ) Brother or sister of the individual; ( c ) Brother or sister of t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... charged to tax (if other criteria of taxing gift are satisfied). - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - tax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X