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Is tax applicable on gifted property?- Property Hotline
Posted
November 24, 2016
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498
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November 24, 2016
498
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2:47Now PlayingExpert: Ashish Sodhani, Tax Expert.
Question: One of my relatives got an undivided share of property as a wedding gift from father's uncle's son. Whether I will get it into any problems or tax consequences on this?
Answer: Property received on occasion of marriage should not generally be subject to tax in the hands of the receiver. Gift from father's uncle's son should not be taxable in your hands.
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