Clubbing
ruchi sharma (student) (122 Points)
24 April 2014
does provision of clubbing applys when house property is transferred to daughter in law. ?
2 Replies
Income Tax Wala: (Fin. Expert)
(Chartered Accountants)
(2015 Points)
Replied 24 April 2014
Dear Ruchi
1. if such house property transferred as gift than no clubbing apply.
2. if transferred only income with out registering sale deed in name of daughter in law than clubbing apply.
3. if transferred without adequate consideration than income pertaining to the portion of value forgone by father in law , clubbing will be apply for only that much portion of value
ruchi sharma
(student)
(122 Points)
Replied 24 April 2014
Wat abut the ownership of property under wealth tax act?
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