In case of gift received from a freind, the receipient of gift is liable to tax. The amount of gift will be included in your income from other sources and will be taxable at normal rates.
The form which are otherwise applicable to you in this case will be applicable on receipt of gift as well
I have a very hot deal available in Gurgaon
The size of the land is 10,000 Sq. Yds and the price is Rs.35,000 per Sq. Yds. This plot is approved for commercial construction.