The ownership transfer was formalised through two separate gift deeds, which were signed on ... This includes rental income from properties, dividends from investments, or interest income from ...

A will is effective only on the death of the testator. A gift deed is a legal document wherein assets are transferred during the lifetime of the testator. Movable and immovable assets can be ...

such as rental income or dividends, are taxable in the hands of the recipient. Points to note Keep all documents related to the gift, including bank transfer proofs and gift deeds. It is advisable ...