Property tax related query
This query is : Resolved
24 March 2023
please inform if a person dies without will and his property gets transferd to his son but not mentioned in income tax and later on (after few years ) he transfers the property to his son as gift what are the tax compliances?
24 March 2023
Gift to relatives exempt from income tax.
No income tax applicable on such a case.
No income tax applicable on such a case.
24 March 2023
sir just confirming grand father (Mr X) died and son( mr Y) registered in his name but forgot to show in income tax and later on he( mr Y) transfers the property to his son (mr Z), will there be any tax on MR Y or Mr Z?
24 March 2023
No tax on both of them.
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