My mother owns a property.Me and my mother applied for a housing loan in SBI with my salary as only income as my mother was a housewife. The loan was sanctioned and the property documents were mortgaged to bank as per the process.Now i got to know that as I have no rights on the property will not be able to file the income tax returns.My mother wants to gift deed the property to my name but the documents are with Bank.Kindly let me know the process for Gift transfer which is under mortgage with bank so that i can be able to File the Income tax.
