GIFT in kind received by daughter

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....IFT in kind received by daughter<br> Query (Issue) Started By: - santosh sabat Dated:- 23-8-2012 Last Reply Date:- 24-8-2012 Income Tax<br>Got 1 Reply<br>Income Tax<br>Dear Sir/Madam, I have a query ....

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....regarding gift (a house property) received by a married daughter from his father out of her love and affection. her father paid the whole purchase of cost of Rs.50.00 lakhs and get registered the said....

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.... property in the name of his daughter. What would be implication U/s 56 of the income tax whether gift in kind is exempted or taxable? What treatment should be made U/s 64 clubbing provision towards....

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.... rent received by the daughter ?? Your reply will highly solicited. regards Reply By CA GOPALJI AGRAWAL: The Reply: The gift made to daughter whether in cash or in kind would not be taxable nor cl....

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....ubbing provision would apply.<br> Discussion Forum - Knowledge Sharing ....