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Possesion of property

This query is : Resolved 

22 February 2011 1 Son can give possesion of property to mother free?
2. son is the owner, owner is not transferred only possesion is given to mother. will it amount to transfer of property?
3.On possession of property rental income is generating, rentl income is taxable in whose hands?



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22 February 2011 Possession and income of property can be transferred bit in that case, income will be taxable in the hands transferer


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