Rajkumar Garg (Managar Finance) (24 Points)
28 August 2012Gift of house property to 19 year old unmarried daughter and from that house any income will be whose income?
If father gift a portion of his house/ plot to his unmarried 19 year old daughter and from that house/ plot any income will be fathers’ or daughters’ income?
Shridhar Shah
(Chartered Accountant in Practice)
(172 Points)
Replied 30 August 2012
As per rules of clubbing, the income from house property will be added in the income of father.
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
