Gift to Daughter
This query is : Resolved
K V RAMA MOHAN RAO
(Querist)
19 December 2008
Property has been gifted to daughter. The income generated out of that building by way of rent will be taxed from Father of Daughter
CA. Amit Daga
(Expert)
20 December 2008
its depend upon the scenerio.It can be taxable in the hand of father also as a deemed income
CA Parvin Ahuja
(Expert)
20 December 2008
If the daughter is minor the income will be taxable in the hands of father otherwise it will be taxed in the hands of the daughter.
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