Dear friends or experts,
case: Mr X is doing real estate business in small level ..he purchase some assets (land) in the name of his wife ( housewife) after sometime he sells a part of that lands and receives that Income in his account... In this scenario he would like to club this income as taxable in his hand... Is this applicable? please kindly advise.
Who sold the land? Who was signing as owner of the land in the sale document?
Profits/gains would be assessed in the owner's ITR....
CAclubindia
