FOR IMMOVABLE PROPERTY TAX ON GIFT DEED MADE IN VADODARA GUJARAT

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....OR IMMOVABLE PROPERTY TAX ON GIFT DEED MADE IN VADODARA GUJARAT<br> Query (Issue) Started By: - PARESH THAKKAR Dated:- 16-11-2015 Last Reply Date:- 17-11-2015 Income Tax<br>Got 1 Reply<br>Income Tax<b....

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....r>IF A FATHER LIKES TO GIVE GIFT OF IMMOVABLE PROPERTY TO HIS ONE OF THE SON OUT OF THREE SONS, WHAT WILL BE TAX LIABILITY ON DONER OR DONEE (FATHER OR TO A SON WHO RECEIVES GIFT OF IMMOVABLE PROPERTY....

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....) IN VADODARA GUJARAT STATE. PLEASE REPLY THANKS SIR. Reply By MARIAPPAN GOVINDARAJAN: The Reply: If the gift of immovable property is coming within the term of &#39;relative&#39; no tax is payable....

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..... However the gift deed is to be registered as per the State laws. There is no tax liability on the part of the donor. If the donee is not coming within the term &#39;relative&#39; he is liable to pay....

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.... tax exceeding the amount &#8377; 50,000/-.<br> Discussion Forum - Knowledge Sharing ....