Are gifts of immovable property located abroad liable to tax?

Posted 10 months ago  |    0  | 
Property/Real Estate,Taxation & Duty
Property/Real Estate Taxation & Duty

1 Answer(s)

Rashi Gahlaut
Advocate

If the aggregate value of monetary gift received during the year by an individual or HUF exceeds Rs. 50,000 and the gifts are not covered under the exceptions prescribed in the preceding FAQ, then gifts whether received from India or abroad will be charged to tax.​

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