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House property income

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Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2014 A lady owned a house at new Delhi and the house she has given on rent and show the income in her return, but now she have transfer the house in the name of her son , please guide me who is liable for tax on the property , please provide effects on both Mother and son
Thanks

Rupesh Jain

Rupesh Jain (Expert)

15 May 2014 income from house property will be taxable in hand of mother . not in hand of son.

after transfer of source of income cannot change the tax liability .

Querist : Anonymous

Querist : Anonymous (Querist)

15 May 2014 sir
if the owner of property has changed through property registry then why the person (here Mother) who have transfer all the title deeds to her son will bear the income tax , please clarify.

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