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?
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?
Guest
Guest
(Expert)
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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