While the property gift is exempt under Section 56, Section 64’s clubbing provisions apply. Any rental income or future capital gains will be taxed
Higher HRA benefit likely for Bengaluru, Hyderabad, Pune, Ahmedabad: What renters under the old tax regime should know
If implemented, the HRA exemption hike may boost disposable income for salaried tenants and, over time, make renting more attractive than buying in these cities
