Minor income
This query is : Resolved
30 November 2010
A father gifted his house property to his minor married daughter. In whose hands, the income from such house property will be taxable.....
FATHER OR MINOR MARRIED DAUGHTER..?
thanks........
FATHER OR MINOR MARRIED DAUGHTER..?
thanks........
30 November 2010
Income from the house property will be taxable in either of his parents hand whose total income is higher till the daughter becomes major. However Section 10(32) exemption can be claimed by such parent.
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01 December 2010
Agreed.
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