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?
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GIFT OF PROPERTY TO SON
Replies (5)
Quick Summary
Such gifts from father to son are not taxable.
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.
It is not taxable as it is a gift from relative
Is the gift of property from father to a daughter taxable ? What about clubbing ?
No, Not taxable
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