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80 Points Posted on 28 February 2023
Immovable property more than ₹50000 transferred to Son's wife , taxable in her hand or not ?
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On 28 February 2023 at 08:52 Report
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A discussion regarding the tax implications of transferring immovable property valued over ₹50,000 as a gift to a son's wife. While gifts of property are generally not taxed under the Income Tax Act, the 'clubbing provisions' may apply. Further clarification can be sought from the provided contact.

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Chartered Accountant
1005 Points Posted on 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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On 28 February 2023 at 10:56
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80 Points Posted on 28 February 2023
Thank you sir
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On 28 February 2023 at 16:19

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