taxation of gifted property

If Son be minor, the income will be taxed in the hands of father (sec 64 of IT act)

If Son be major, the income will be taxed in the hands of major son (sec 56(2) of I T act)

if son is minor than the rental income will be clubbed in the income of father as per clubbing of income provisions of income tax act

if son is major than the rental income will be taxable in the hands of the son as per provisions of house property income head provisions.

but as the property transfer is from father to son then this will not be taxable as income (section 56(2)(X) of income tax act, gift from relative is exempt)

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