EASYOFFICE
EASYOFFICE
EASYOFFICE

Gift

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
08 September 2012 My mother purchased the flat and gifted to me.I want to sale that flat.That income is taxable for me or my mother?
Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
08 September 2012 1. Whose name is registered for the house?

2. Did your Mother gifted it through a gift deed?

The income will be taxable in her hand if the house is in her name and there wasn't any gift deed executed by her.
Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
10 September 2012 The house is registered in my name.There was no gift deed executed.To whom the income will be taxable?
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

K Srinivas, CMA CS

Profile Image

K Srinivas, CMA CS (Expert)
10 September 2012 Since the property is registered in your name, the income will be taxable in your hands only

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


EasyOFFICE CCI Pro

Trending Online Classes

view all classess


Answer Query



Quick Links