The Commercial propoerty is registered in the name of wife . CanWife give the property on rent to her husband. Can Husband then sublet the property to thrid party and take income to his accounts and pay tax accordingly ..Thanks
04 August 2023
If the difference in the rent received and paid be substantial without any justification, ITO may add the rent in the hands of the person with higher tax slab liability.
04 August 2023
Not clear Sir, The question was the property is refistered in the name of Wife but the Tax laibiltiy of Husband is less . Need a solution ? Can the wife make husband a tenenat and then allow him to sublet to third party so that Tax liability remains under control Thanks
CAclubindia
