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Murthy   31 December 2023

gift deed and tax

If a father(donor) is gifting son (donee )his house is there any tax liability on the donee

whether a single gift deed can be made for gifting immovable properties situated at Mangalore and Mandya in one place or jurisdiction or separately


Learning

 2 Replies

T. Kalaiselvan, Advocate (Advocate)     31 December 2023

There's no tax liability either for the donor or the donee for transfer of property by executing a registered gift deed. 

 

kavksatyanarayana (subregistrar/supdt.(retired))     31 December 2023

Yes......................................


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