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The Economic Times

Business

My sister gifted me Rs 37 lakh from land sale. Will she have to pay income tax?

Income Tax capital gains ET Wealth

These are a set of queries raised by ET Wealth readers, which have been answered by our panel of experts.

My sister and I received Rs 37 lakh each from the sale of agricultural land in our native place. She has gifted her Rs 37 lakh to me. Will she have to pay capital gains tax on the gift to me?

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