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Implications of clubbing provisions
Husband gifts a site to the wife. next year wife sells the site and invests in an apartment by infusing some additional of her own. whether the rental income accrued from that apartment will be clubbed with husbands total income? Please reply.
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"whether the rental income accrued from that apartment will be clubbed with husbands total income?" No
But capital gains from the sale of the site gets assessed in hands of donor..
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