Rentals from gifted property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
21 June 2012
I have received a share in the gifted house from my father and wanted to know the tax-ability of the rentals received from such gifted property.
21 June 2012
If you are not Minor then it will be taxable in your hands only.
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