Transfer of asset by individual to would be wife
This query is : Open
Querist : Anonymous
Querist :
Anonymous
(Querist)
15 October 2011
Suppose, X is married according to Hindu customs on 10.10.2011 and thereafter transfers his asset to Mrs. X on 13.10.2011 without adequate consideration.
And on 15.10.2011, He got his marriage registered in court.
Now whether provisions of Clubbing of income on such asset will be applicable or not i.e. whether it is a transfer before marriage or after marriage?
And on 15.10.2011, He got his marriage registered in court.
Now whether provisions of Clubbing of income on such asset will be applicable or not i.e. whether it is a transfer before marriage or after marriage?
15 October 2011
According to sec 64(1)(iv)--relationship of husband and wife shall be exist on the date of transfer of assets....in your case x get married on 10.10.2011....so it will be clubbed on the hands of X.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
