GIFT in kind received by daughter

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..... Dear Sir/Madam, I have a query regarding gift (a house property) received by a married daughter from his father out of her love and affection. her father paid the whole purchase of cost of Rs.50. .....

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..... 00 lakhs and get registered the said property in the name of his daughter. What would be implication U/s 56 of the income tax whether gift in kind is exempted or taxable? What treatment should b .....

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..... e made U/s 64 clubbing provision towards rent received by the daughter ?? Your reply will highly solicited. regards - Reply By CA GOPALJI AGRAWAL - The Reply = The gift made to daughter whethe .....

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..... r in cash or in kind would not be taxable nor clubbing provision would apply. - GIFT in kind received by daughter - Query Started By: - santosh sabat Dated:- 23-8-2012 Income Tax - Got 1 Reply - Inc .....

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..... ome Tax - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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