{"id":14181,"date":"2023-04-28T18:13:51","date_gmt":"2023-04-28T18:13:51","guid":{"rendered":"https:\/\/www.propertypistol.com\/blog\/?p=14181"},"modified":"2023-06-29T08:06:31","modified_gmt":"2023-06-29T08:06:31","slug":"gifted-property-in-india-understanding-tax-liabilities","status":"publish","type":"post","link":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/","title":{"rendered":"Gifted Property in India: Understanding Tax Liabilities!"},"content":{"rendered":"\n<p>In India, the tax implications on a gifted property depend on various factors such as the value of the property, the relationship between the giver and the recipient, and the purpose of the gift. Here are some general guidelines to consider:<\/p>\n\n\n\n<!--more-->\n\n\n\n<ol class=\"wp-block-list\"><li>Gift tax: India has abolished the gift tax, and there is no tax liability for the giver or the recipient for a gift of any value.<\/li><li>Income tax: The recipient of the gifted property does not have to pay income tax on the gift. However, if the property generates income (such as rental income), the recipient will have to pay income tax on that income.<\/li><li>Capital gains tax: If the recipient sells the gifted property in the future, they will have to pay capital gains tax on the difference between the sale price and the fair market value of the property at the time of the gift. The fair market value of the property is determined as of the date of the gift, and the cost of acquisition is deemed to be the cost incurred by the person who gifted the property.<\/li><li>Stamp duty: The recipient of the gifted property may have to pay stamp duty on the transfer of the property depending on the state where the property is located.<\/li><\/ol>\n\n\n\n<p>It&#8217;s always advisable to consult a tax professional for specific advice on your situation, as the tax laws and regulations vary depending on the location and individual circumstances.<\/p>\n\n\n\n<p><em><strong>Disclaimer:&nbsp;<\/strong>The views expressed above are for informational purposes only based on industry reports and related news stories. PropertyPistol does not guarantee the accuracy, completeness, or reliability of the information and shall not be held responsible for any action taken based on the published information<\/em>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In India, the tax implications on a gifted property depend on various factors such as the value of the property, the relationship between the giver and the recipient, and the purpose of the gift. Here are some general guidelines to consider:<\/p>\n","protected":false},"author":2,"featured_media":15794,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_eb_attr":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[84],"tags":[426],"class_list":["post-14181","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tax-guide","tag-tax-guide","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gifted Property in India: Understanding Tax Liabilities! - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gifted Property in India: Understanding Tax Liabilities! - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog\" \/>\n<meta property=\"og:description\" content=\"In India, the tax implications on a gifted property depend on various factors such as the value of the property, the relationship between the giver and the recipient, and the purpose of the gift. Here are some general guidelines to consider:\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/\" \/>\n<meta property=\"og:site_name\" content=\"Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/propertypistol\/\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/propertypistol\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-04-28T18:13:51+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-29T08:06:31+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1325\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"PropertyPistol Insight Team\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@PropertyPistol\" \/>\n<meta name=\"twitter:site\" content=\"@propertypistol\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PropertyPistol Insight Team\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/\"},\"author\":{\"name\":\"PropertyPistol Insight Team\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#\/schema\/person\/40270cbf8716566a86ca73f838ca69f2\"},\"headline\":\"Gifted Property in India: Understanding Tax Liabilities!\",\"datePublished\":\"2023-04-28T18:13:51+00:00\",\"dateModified\":\"2023-06-29T08:06:31+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/\"},\"wordCount\":293,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png\",\"keywords\":[\"Tax Guide\"],\"articleSection\":[\"Tax Guide\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/\",\"url\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/\",\"name\":\"Gifted Property in India: Understanding Tax Liabilities! - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog\",\"isPartOf\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png\",\"datePublished\":\"2023-04-28T18:13:51+00:00\",\"dateModified\":\"2023-06-29T08:06:31+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage\",\"url\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png\",\"contentUrl\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png\",\"width\":1325,\"height\":350,\"caption\":\"Gifted Property in India: Understanding Tax Liabilities!\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.propertypistol.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Gifted Property in India: Understanding Tax Liabilities!\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#website\",\"url\":\"https:\/\/www.propertypistol.com\/blog\/\",\"name\":\"Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog\",\"description\":\"\",\"publisher\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.propertypistol.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#organization\",\"name\":\"PropertyPistol Realty Pvt Ltd\",\"url\":\"https:\/\/www.propertypistol.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2024\/05\/pp-logo.2fae70d.png\",\"contentUrl\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2024\/05\/pp-logo.2fae70d.png\",\"width\":182,\"height\":46,\"caption\":\"PropertyPistol Realty Pvt Ltd\"},\"image\":{\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/propertypistol\/\",\"https:\/\/x.com\/propertypistol\",\"https:\/\/www.instagram.com\/propertypistol\",\"https:\/\/www.linkedin.com\/company\/propertypistol-com\/\",\"https:\/\/in.pinterest.com\/propertypistol\",\"https:\/\/www.youtube.com\/channel\/UC4_evXa7W1cFQJ-wH8cLNaQ\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#\/schema\/person\/40270cbf8716566a86ca73f838ca69f2\",\"name\":\"PropertyPistol Insight Team\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.propertypistol.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/nsl_avatars\/706af4801b300a328264acb78cd0d3a9.png\",\"contentUrl\":\"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/nsl_avatars\/706af4801b300a328264acb78cd0d3a9.png\",\"caption\":\"PropertyPistol Insight Team\"},\"sameAs\":[\"https:\/\/www.propertypistol.com\",\"https:\/\/www.facebook.com\/propertypistol\/\",\"https:\/\/www.instagram.com\/propertypistol\",\"https:\/\/in.pinterest.com\/propertypistol\/\",\"https:\/\/x.com\/PropertyPistol\",\"https:\/\/www.youtube.com\/channel\/UC4_evXa7W1cFQJ-wH8cLNaQ?view_as=subscriber\",\"https:\/\/www.tumblr.com\/blog\/propertypistolrealeastate\"],\"url\":\"https:\/\/www.propertypistol.com\/blog\/author\/swatantra\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Gifted Property in India: Understanding Tax Liabilities! - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/","og_locale":"en_US","og_type":"article","og_title":"Gifted Property in India: Understanding Tax Liabilities! - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog","og_description":"In India, the tax implications on a gifted property depend on various factors such as the value of the property, the relationship between the giver and the recipient, and the purpose of the gift. Here are some general guidelines to consider:","og_url":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/","og_site_name":"Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog","article_publisher":"https:\/\/www.facebook.com\/propertypistol\/","article_author":"https:\/\/www.facebook.com\/propertypistol\/","article_published_time":"2023-04-28T18:13:51+00:00","article_modified_time":"2023-06-29T08:06:31+00:00","og_image":[{"width":1325,"height":350,"url":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png","type":"image\/png"}],"author":"PropertyPistol Insight Team","twitter_card":"summary_large_image","twitter_creator":"@PropertyPistol","twitter_site":"@propertypistol","twitter_misc":{"Written by":"PropertyPistol Insight Team","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#article","isPartOf":{"@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/"},"author":{"name":"PropertyPistol Insight Team","@id":"https:\/\/www.propertypistol.com\/blog\/#\/schema\/person\/40270cbf8716566a86ca73f838ca69f2"},"headline":"Gifted Property in India: Understanding Tax Liabilities!","datePublished":"2023-04-28T18:13:51+00:00","dateModified":"2023-06-29T08:06:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/"},"wordCount":293,"commentCount":0,"publisher":{"@id":"https:\/\/www.propertypistol.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png","keywords":["Tax Guide"],"articleSection":["Tax Guide"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/","url":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/","name":"Gifted Property in India: Understanding Tax Liabilities! - Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog","isPartOf":{"@id":"https:\/\/www.propertypistol.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage"},"image":{"@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage"},"thumbnailUrl":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png","datePublished":"2023-04-28T18:13:51+00:00","dateModified":"2023-06-29T08:06:31+00:00","breadcrumb":{"@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#primaryimage","url":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png","contentUrl":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129c.png","width":1325,"height":350,"caption":"Gifted Property in India: Understanding Tax Liabilities!"},{"@type":"BreadcrumbList","@id":"https:\/\/www.propertypistol.com\/blog\/gifted-property-in-india-understanding-tax-liabilities\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.propertypistol.com\/blog\/"},{"@type":"ListItem","position":2,"name":"Gifted Property in India: Understanding Tax Liabilities!"}]},{"@type":"WebSite","@id":"https:\/\/www.propertypistol.com\/blog\/#website","url":"https:\/\/www.propertypistol.com\/blog\/","name":"Real Estate Sector Latest News, Updates &amp; Insights - PropertyPistol Blog","description":"","publisher":{"@id":"https:\/\/www.propertypistol.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.propertypistol.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.propertypistol.com\/blog\/#organization","name":"PropertyPistol Realty Pvt Ltd","url":"https:\/\/www.propertypistol.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertypistol.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2024\/05\/pp-logo.2fae70d.png","contentUrl":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2024\/05\/pp-logo.2fae70d.png","width":182,"height":46,"caption":"PropertyPistol Realty Pvt Ltd"},"image":{"@id":"https:\/\/www.propertypistol.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/propertypistol\/","https:\/\/x.com\/propertypistol","https:\/\/www.instagram.com\/propertypistol","https:\/\/www.linkedin.com\/company\/propertypistol-com\/","https:\/\/in.pinterest.com\/propertypistol","https:\/\/www.youtube.com\/channel\/UC4_evXa7W1cFQJ-wH8cLNaQ"]},{"@type":"Person","@id":"https:\/\/www.propertypistol.com\/blog\/#\/schema\/person\/40270cbf8716566a86ca73f838ca69f2","name":"PropertyPistol Insight Team","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.propertypistol.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/nsl_avatars\/706af4801b300a328264acb78cd0d3a9.png","contentUrl":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/nsl_avatars\/706af4801b300a328264acb78cd0d3a9.png","caption":"PropertyPistol Insight Team"},"sameAs":["https:\/\/www.propertypistol.com","https:\/\/www.facebook.com\/propertypistol\/","https:\/\/www.instagram.com\/propertypistol","https:\/\/in.pinterest.com\/propertypistol\/","https:\/\/x.com\/PropertyPistol","https:\/\/www.youtube.com\/channel\/UC4_evXa7W1cFQJ-wH8cLNaQ?view_as=subscriber","https:\/\/www.tumblr.com\/blog\/propertypistolrealeastate"],"url":"https:\/\/www.propertypistol.com\/blog\/author\/swatantra\/"}]}},"modified_by":"PropertyPistol Insight Team","secondary_image":"https:\/\/www.propertypistol.com\/blog\/wp-content\/uploads\/2023\/04\/129t.png","post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/posts\/14181"}],"collection":[{"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/comments?post=14181"}],"version-history":[{"count":1,"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/posts\/14181\/revisions"}],"predecessor-version":[{"id":14182,"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/posts\/14181\/revisions\/14182"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/media\/15794"}],"wp:attachment":[{"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/media?parent=14181"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/categories?post=14181"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.propertypistol.com\/blog\/wp-json\/wp\/v2\/tags?post=14181"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}