Gift
This query is : Resolved
Querist : Anonymous
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?
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.
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.
Querist : Anonymous
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?
10 September 2012
Since the property is registered in your name, the income will be taxable in your hands only
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