Gifting a share of property to you and your son is not taxable, as it's from a relative. Capital gains from selling the property may qualify for exemption under Section 54 if reinvested Read The Rest at :
Disclaimer : Mymoneytimes implements extreme caution and care in collecting data before publication. Mymoneytimes does not liable for the adequacy, accuracy or completeness of any given information. Hence we are not liable for any kind of direct or indirect loss caused by the use of such information.
