Income tax liability on gifted property.

As per my knowledge gift from relative is not taxable as per section 47 and 56(2)(x). Mother and son are covered in relative definition no tax liability will arise when u received.

Not taxable as it is gift from relatives.
Not taxable as it is exempted

As per the provisions of income tax laws the gift from relative is not taxable at all. in this case the gift provided by mother to son is exempt and not taxable in the hands of both the party , also where the gift given is particularly by love and affection so, there is no point of to whom it is given also it is better to make a gift deed so, it is evidenced and no issue arise in future.

Thank you very much Sir.

Thank you very much Sir.

relating to above question, in whose hands income from house property shall be taxable ?

As per my view the clubing of income provisions not applicable on the basis of transfer of property to son with the legal ownership and if gift deed as evidenced then, the income from such residential house will be taxable in the hands of son only under the head house property

Gift from mother to son is exempt and no tax on it.

Gift from parents is exempt for the recipient, irrespective of its monetary value.