56 2 (x)
Abinash Panda (80 Points)
28 February 2023
Immovable property more than ₹50000 transferred to Son's wife , taxable in her hand or not ?
CA Sorav Gupta
(Chartered Accountant)
(1000 Points)
Replied 28 February 2023
Transfer of property as a gift will not be taxed under the Income Tax Act, 1961. However, the clubbing provisions will apply.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)
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