Clubbing income
This query is : Resolved
13 July 2019
Husband wants to give a gift to his wife by buying a flat in the name of wife. And his wife wants to let out this flat so that monthly income can be generated. In this case, the clubbing income shall be applied or not ?
13 July 2019
Clubbing applies per section 64(1)(iv) .
14 July 2019
Even if gift deed is made, there will be clubbing income ?
14 July 2019
Position will not change.
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