Legal Question in Tax Law in India

I & my mother wants to gift a flat in the registered housing society (which is purchase by us in joint names 8-10 years back) & now with out any consideration in terms of money & in consideration of natural love & affection we wants it to gift as said above. Does any kind of Tax is payable? Munjal


Asked on 9/24/10, 12:00 pm

1 Answer from Attorneys

RAJIV GUPTA (Cell: +91 9811284735) [email protected]

yes, TAX is payable.

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Answered on 10/09/10, 9:33 am


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