quesCan I somehow avoid tax if I sell land gifted to me by gift deed

I was gifted an agricultural land on which a building is also made a few years ago by my brother in law. The gift was via gift deed and the registry and possession are with me now.


Now if I want to sell the land someone says it will attract a tax of 30%.


How can I avoid this tax as it is very high and I will not be left with any benefit if I have to pay such heavy tax.

  • ans

    Firstly please specify the location of the property i.e.the state. Because the rules differ state to state.

    Secondly the market value of your property .

    Thirdly the donor who makes the gift is exempted from tax but since the ownership is transferred to you via gift its a pure white transfer and any proceeds from that will be showed in your income.

    Since agriculture land is subjected to a lot of exemptions and subsidies depending on state to state, but when used for non agricultural purposes the whole nature of land is changed.

    So the tax eviction /reduction you looking for will entirely depend on other factors for which all the documents pertaining to your property and your income statements need to be looked into very deeply.

  • Disclaimer: The above query and its response is NOT a legal opinion in any way whatsoever as this is based on the information shared by the person posting the query at LawRato.com and has been responded by one of the Documentation Lawyers at LawRato.com to address the specific facts and details. You may post your specific query based on your facts and details to get a response from one of the Lawyers at LawRato.com or book a Detailed Consultation with a Lawyer of your choice to address your query in detail.
  • Related Articles

Consult best Documentation lawyers in India

Similar questions

My father purchased a land in my grand father name. Can my father transfer the…
Can I get obc Quota if my mother is obc and father of general. And…

My brother is married and is staying separate for 7 years now. He is addicted…

Hi Sir We are planning to start a school from Nursery to X. We are…

Documentation Lawyers in India

Advocate T Kalaiselvan

 Experience: 16 years

Advocate Richa Relhan

  Commonwealth Games Village
 Experience: 5 years

Advocate Amit Sharma

 Experience: 11 years

Advocate Anuj Aggarwal

  Model Town, Phase 3
 Experience: 13 years

View all >>

How it Works

Know how LawRato makes legal advice easier and effortless

Ask a Free Question

Post a question and get free advice from multiple lawyers

Talk to a Lawyer

Easily find and book private consults with top lawyers in India

Get Fee Estimate

Receive multiple quotations for your legal requirement instantly