Legal Question in Real Estate Law in India

My maternal cousin she is in U.S.A. wanted to gift a flat in india to me as gift. whether I can accept it as indian law permit the gift and shall i get incom-tax benefit. She is ready to make a registered gift deed.


Asked on 1/03/12, 4:47 am

3 Answers from Attorneys
Sanjay Kalra Sanjay Kalra & Associates

How old are you ? Yes you can accept a gift from anyone.

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Answered on 1/03/12, 4:50 am
RAJIV GUPTA (Cell: +91 9811284735) [email protected]

yes, she may gift the flat to you by registered gift deed.

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Answered on 1/07/12, 7:53 am
Shrichand Nahar S.V.Nahar, Advocate

Check with your CA. This gift may have income tax implications like tax liability on donee.

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Answered on 5/25/12, 12:35 am


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