Property transfer from Father to son

This query is : Resolved 

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

11 November 2020 transfer of property by father through Gift deed it will have no impact under income tax.

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




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