Flat registration in daughter's name
10-Nov-2023 (In Civil Law)
I have paid in full for a new flat in Bangalore.Now I want to register the flat in my daughter's name. Any income tax problem later?
Hi there shall not be any problem if the property is registered in your daughters name. In case this property is used for self purpose then there won't be any income tax liability. If the house is let out then the rentals will form a part of income tax computation.
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