Easy Office
LCI Learning

Clubbing

This query is : Resolved 
Profile Image

Profile Image

(Querist)
24 November 2012 if a husband gives cash to his wife for purchase of land & registered in her name.subsequently,wife gives land on rent or sale it then clubbing provision will apply or not .
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
24 November 2012 Yes. It will attract clubbing provisions.
Profile Image

Pankaj Gupta

Profile Image

Pankaj Gupta (Expert)
24 November 2012 Yes the clubbing provisions will apply u/s 64(1)(iv). Both ie rent as well as capital gain will be clubbed.
Upgrade to CAclubindia Pro. Subscribe Now!

Profile Image

Pankaj Gupta

Profile Image

Pankaj Gupta (Expert)
24 November 2012 In order to save tax you can give the money to her @ 0% loan which she will return after selling the house.
Profile Image

Amol S Joglekar

Profile Image

Amol S Joglekar (Expert)
25 November 2012 while giving loan make sure you are not violating sec 269SS

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links