Gift of House Property
This query is : Resolved
Rajeev Binaykia
(Querist)
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.
Manmohan ACA, CS
(Expert)
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
K V Subba Rao
(Expert)
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
Rajeev Binaykia
(Querist)
19 March 2009
Dhirajlal Rambhia
(Expert)
28 June 2023
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