My client has a property with joint ownership of his mother. He wants to sell this property and buy new rental property. What will be the tax implication if he brings this new rental property into HUF. Will the rental income be clubbed into my client's income?
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(177840 Points)
Replied 18 July 2017
Was the property purchased by the assessee or inherited or gifted?
If purchased..... what was the source of the fund !!!
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