Gift

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Special: Gift from kin not taxable

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If I receive a non-agricultural land from my uncle (mother’s brother) as a gift, what is my tax liability? My uncle wants to gift the land either to me or my mother. The market value of this land is

Chinese def min wished to give cash gift to military band

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After giving an unusual gift of Rs one lakh cash to two Indian Air Force (IAF) pilots, Chinese defence minister Gen. Liang Guanglie planned to repeat such an action with regard to a military band playing at a banquet hosted by defence minister A.K. Antony.

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