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10 September 2014 A PROPERTY SOLD BY MOTHER TO OUTSIDER AND INCOME RECEIVED BY SON ON SUCH PROPERTY.
WHAT TAX TREATMENT
1-IN CASE OF MOTHER.
2-IN CASE OF SON.
WHAT HEAD OF INCOME WILL BE AFFECTED.
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CA Kedar Sakhardande

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CA Kedar Sakhardande (Expert)
10 September 2014 Amount is taxable in the hands of mother Capital Gain (LTCG or STCG depends)

For son it is a gift so not taxable

(Assuming property is singly owned by mother)
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