Income Tax query 01

Mr A transferred his mmovable property to his wife by executing a gift deed & also transferred the ownership of the immoveable property without consideration.

a) Any income arising from this property will it be clubbed to the income of husband as its without consideration.

or 

b) Since the ownership is transferred will the income arising out of this property clubbed with husband's income only bz of no consideration.

Regards

Venkat