Property gifts above Rs 45 lakh to face tighter scrutiny under Income-tax Rules 2026; what taxpayers should know

Property gifts valued at ₹45 lakh and above will now face closer scrutiny under Income-tax Rules, 2026, with registrars reporting these transactions. This move aims to enhance data-driven monitoring, as non-disclosure of taxable gifts or non-genuine arrangements can lead to penalties, interest, and potential action under the Benami Property Transactions Act.