Gift of House Property
This query is : Resolved
19 March 2009
My father had brought land in March 2005 and build house (construction is completed)on it for which buliding use premission is still pending from municipal corporation.
Now he wants to gift this property to daughter-in-law or me.
Please let know is it possible and would it attarct any tax.
Now he wants to gift this property to daughter-in-law or me.
Please let know is it possible and would it attarct any tax.
19 March 2009
SINCE THE BUILDING IS NOY YET BUILD IT WOULD NOT ATTARCT ANY TAX.untill and unless you earn any income from it
19 March 2009
Pendency of Plan Approval from Municipality for construction will not stand in the way of invoking clubbing provisions when property is gifted to dauther-in-law
It is desirable to gift to son
It is desirable to gift to son
19 March 2009
28 June 2023
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