GIFT OF PROPERTY

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PRAVIN JAIN (Querist)
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27 November 2016 Can BHABHI give property as gift to DEVAR? Any tax liability on both of them?

CA. Vinodh Kothari (Expert)
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28 November 2016 Yes Bhabhi can give gift to Devar no tax liability on both of them.

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PRAVIN JAIN (Querist)
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28 November 2016 Thanks Kothariji.

PRAVIN JAIN (Querist)
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28 November 2016 If DEVAR gives gifted property on rent then who will be liable to pay income tax on rental income??

Dhirajlal Rambhia (Expert)
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04 November 2021 No clubbing provision in this case. The rent will be taxed in Devar's hand.

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