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Rent income

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(Querist)
01 October 2016 A assessee purchased a home and after some years he transfered his 50% home share to his wife without amount. Now, they will 50-50% owner. Rent Income from that house will be both or not.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
02 October 2016 Full rental income will be taxed in the hands of the husband under clubbing provisions.

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