CAN A FATHER GIFT IMMOVABLE PROPERTY TO HIS SON ? UPTO WHAT AMOUNT IT IS NOT TAXABLE?
WHAT ARE THE EFFECTS OF GIFT OF
IMMOVABLE PROPERTY TO A SON WHILE HE IS NOT EARNING? PLEASE TELL HOW TO GIFT HIM?
5 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 26 June 2021
Such gifts from father to son are not taxable.
veerendar singh
(tax consultant)
(3306 Points)
Replied 26 June 2021
Gifts will be exempt in the hands of son.
if son earns income from such property then such income will be computed as part of the total income of the son.
if son earns income from such property then such income will be computed as part of the total income of the son.
CA. Sourav Sarkar
(Chartered Accountant )
(24588 Points)
Replied 27 June 2021
It is not taxable as it is a gift from relative
CA Raj Doshi
(Practising CA)
(8944 Points)
Replied 27 June 2021
Is the gift of property from father to a daughter taxable ? What about clubbing ?
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