My father purchased a flat in 2014 and received possession in 2017. He granted a court-registered general Power of Attorney to my wife (his daughter-in-law). After my father's passing in 2022, the builder invalidated the Power of Attorney, stating the property needed to be transferred to his legal heir. Consequently, the flat was transferred into my name in February 2025. In March 2025, honoring my father's wishes, I then transferred the flat to my wife.
MY QUERY
Do My wife need to show this in ITR return for Ay 2025-26
If yes than under which head
CAclubindia
