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Gift to Daughter

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19 December 2008 Property has been gifted to daughter. The income generated out of that building by way of rent will be taxed from Father of Daughter
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CA. Amit Daga

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CA. Amit Daga (Expert)
20 December 2008 its depend upon the scenerio.It can be taxable in the hand of father also as a deemed income
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CA Parvin Ahuja

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CA Parvin Ahuja (Expert)
20 December 2008 If the daughter is minor the income will be taxable in the hands of father otherwise it will be taxed in the hands of the daughter.
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