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Property transfer from Father to son

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(Querist)
10 November 2020 sir
Please advise the impact of income tax on transfer of property from father to son
With regards
Binu
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Prakash Kochar

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Prakash Kochar (Expert)
11 November 2020 transfer of property by father through Gift deed it will have no impact under income tax.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
08 October 2021 If in the form of Gift, it will be tax exempt u/s. 56(2) of act.
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