Are gifts of immovable property located abroad liable to tax?

Answer (1)

Team Legistify

  • Sector-1, Noida

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.​

Answered on 28 Sep 2018


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