Gifting of Immovable Propert

This discussion explores the tax implications of gifting an immovable property, specifically a rented property, to one's wife without consideration. While gifting is possible via a gift deed and registry, the key concern is whether this transfer can help save tax on the rental income. The consensus suggests that clubbing provisions will likely apply, meaning the rental income may still be taxed in the hands of the original owner, even after the gift.