Related to property gifting

ashutosh kumar (retired) (48 Points)

29 August 2024  

Dear Sir,

I have three daughters and also own aresidential house. My eldest daughter lives in one part of the house and remaining is on rent.

My eldest daughter says gift me the whole house and I will gift money equal to 1/4th share eqally to you and to my two sisters. 

I want opinion form income tax point of wieq

Thanks