Gift of a property-Applicability of Clubbing provisions

Hi,

Gift of a property by Grand mother to Grand Daughter

Grand mother has purchased a house out of own funds in 2005 and gifts the property in 2009 to her Grand daughter through a registed Gift Deed. No consideration was paid for this transactions.

The property was let out for Rs.30K per month, i would like to know whether this trasaction attracts clubbing provisions, who should declare the rental income received from the let out property. Please advice

 

 

Replies (2)

Two things... 

1. No clubbing provision between grandmother and grand daughter

2. If gift deed made .... No clubbing provision are attracted

Yes Darshan is right NO CLUBBING PROVISION attracted

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