Question And Answer
Subject: Whether transfer of amount to sisters , which the assessee inherited from father is liable to tax .?
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Querist: Diwakar
Answered by:
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Date: May 11, 2021
Query asked by Diwakar

I just want to know, if am settling my sisters with an X amount for the property that I inherit from my father. Will that X amount is taxable or not?

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Answer given by

Gift received by sister from brother is not taxable u/s 56(2)(x)



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