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Gift of House Property

This query is : Resolved 

19 March 2009 My father had brought land in March 2005 and build house (construction is completed)on it for which buliding use premission is still pending from municipal corporation.
Now he wants to gift this property to daughter-in-law or me.
Please let know is it possible and would it attarct any tax.

19 March 2009 SINCE THE BUILDING IS NOY YET BUILD IT WOULD NOT ATTARCT ANY TAX.untill and unless you earn any income from it




19 March 2009 Pendency of Plan Approval from Municipality for construction will not stand in the way of invoking clubbing provisions when property is gifted to dauther-in-law

It is desirable to gift to son



28 June 2023 "Sorry, I am not a featured member."

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