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Querist : Anonymous

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Querist : Anonymous (Querist)
19 February 2015 SIR,
ONE OF MY CLIENT SOLD HIS PROPERTY TO HIS SPOUSE WITH OUT ADEQUATE CONSIDERATION WAHT ARE THE CLUBBING PROVISIONS...


Thnxin adv..


20 February 2015 just read the provisions of section 60 -64 of the income tax act.
in brief, i tell you that the Property remains with the husband if they are not living apart

20 February 2015 it consider as gift and income if any taxable in hand of husband.


20 February 2015 taxable in hands of husband as said above.



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