Gift
This query is : Resolved
surajbagri
(Querist)
23 February 2012
if my mother transferred to house in my wife as a gift & after transferring a rental income will be generated Rs.1000000.than this income which hannds taxable?
23 February 2012
The rental income will be taxed in the transferor's (your mother in this case) by virtue of S 64(1)(vi)
surajbagri
(Querist)
24 February 2012
respectfully sir i ask that which case this rental income is taxable in hands of recipients after gift the property transferring to mother in law to daughter in law If any case, please refer it.
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