Articles in this section

• Are there any cases in which prescribed movable property received for less than its fair market value by an individual or HUF is not charged to tax?​​​
• Does any taxability arise if prescribed movable property is received by an individual or HUF for less than its fair market value?​
• An individual received gift of jewellery from his friends. The total value of jewellery received during the year as gift from all the friends amounted to Rs. 84,000. What will be the tax treatment of gift in this case?
• Are there any cases in which the value of prescribed movable property received without consideration, i.e., received as gift by an individual or HUF is not charged to tax?​​​​
• Are gifts of movable property received by an individual or HUF charged to tax?​​
• Are there any cases in which immovable property received by an individual or HUF for less than its stamp duty value is not charged to tax?​​​
• Would any taxability arise if an immovable property is received for less than its stamp duty value?​​​
• An Individual received gift of a flat from his friend. The stamp duty value of the flat is Rs. 84,000. In this case whether the total value of gifted property will be charged to tax or only the value in excess of Rs. 50,000 will be charged to tax?
• Are gifts of immovable property located abroad liable to tax?
• Are immovable properties received as gift from friends liable to tax?​