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
Union housing minister Manohar Lal proposes dedicated fund to revive pre-RERA stalled projects
Union housing minister Manohar Lal Khattar has indicated that a dedicated fund could be set up to revive stalled housing projects approved in the pre-RERA era
