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Prasad
(Querist) 08 August 2018
This query is : Resolved
Respected sirs
Request answer
My mother expired 2016. She has written one of her property ( paddy land of about 87cent) through a registered WILL to my brother .
My brother wants to give that land to me through a will or a registered dociument. Will i be taxed for this land as it is got through brother -mother
kavksatyanarayana
(Expert) 08 August 2018
A will if executed, that will comes into force only after the death of the Testator(who wrote the Will). If it is a Gift deed the property of the Gift deed may be handedover atonce. It is taxable.
R.Ramachandran
(Expert) 09 August 2018
IF the GIFT is from brother to brother or from brother to sister or vice-versa, the same is not taxable.