RAJ KUMAR (FINANCE MANAGER) (1393 Points)
26 August 2011HELLO FRIENDS, IF A FATHER IN LAW GIVES THE GIFT OF HOUSE PROPERTY TO HER SONS WIFE THROUGH THE PROPER GIFT DEED.
THE PROPERTY IS IN THE NAME OF FATHER IN LAW.
AND THE SONS WIFE GIVES THAT PROPERTY ON RENT EVEN THEN RENTAL INCOME IS TO BE INCLUDED IN WHOSE INCOME FATHER IN LAW OR SONS WIFE.
PLS. HELP ME.
Monica
(student - CA Final)
(83 Points)
Replied 28 August 2011
The rental income should be included in the father in law's income according to section 64
RAJ KUMAR
(FINANCE MANAGER)
(1393 Points)
Replied 28 August 2011
BUT FATHER IN LAW IS VERY OLD PERON ABOUT 90 YEARS OLD.
AFTER HIS DEATH WHOSE INCOME IS THIS.
PLS. HELP ME. IF THE SONS WIFE WANTS TO INCLUDE THIS IN HER INCOME.
THEN WHAT SHE HAS TO DO.
WHETHER TRANSFER DEED IS TO BE WRITTEN OR SOMETHING ELSE.
PLS. HELP ME.
CAclubindia
