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?
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.
CAclubindia
