Poonawalla fincorps
Poonawalla fincorps

Clubing of income

This query is : Resolved 
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(Querist)
27 February 2014 if a house is gifted by a father to his married daughter n she lent the house on rent. whether the rent income will be clubbed into fathera income
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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
04 March 2014 Clubbing is applicable only when the house is transferred to a minor daughter.

It is NOT applicable when house is transferred to a major daughter.

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