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Hi,
I am giving one transaction below, can you please explain me what will be the tax implications?
1) If a NRI whose mother have a property in her name in India, if she transfer that property to his name what will be the tax implication?
as well.
2) If anything unfortunate happen to his mother and property get automatically transfer to his name (because he is the only son) what will be the tax implication?
waiting for your valuable advice.
Regards,
Nazir
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sir,
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DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
Transfer of Property