Hi their,
My mom as a property from which rental income is coming, now she has transfered the said property equally in 2/3 to me and my bro. Now we all 3 are equal owners. I want to know that now income coming from the said property will be tax to all or only my mom as per IT Act ? cheques of rent are coming seperate for all of us.
Please resolve my this query.
Thanks
Vinay