GIFT TO NON WORKING SPOUSE

This query is : Resolved 

10 January 2023 APARTMENT GIFTED TO SPOUCE -SHE IS HOUSE WIFE NOT WORKING - SHALL I MENTION THIS IN MY RETURN?


10 January 2023 Not possible to declare it in your ITR.
Advised to declare it in her ITR, as exempted Gift.
Please not that clubbing of income under sec. 27 of IT act, will be applicable in your case.

10 January 2023 Nothing to mention in ITR.
As per the income tax law, you are deemed-owner of the property.
All its income will be added to your ITR.




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