Clubb ??
This query is : Resolved
29 July 2010
mR. A PURCHASE HOUSE PROPERTY IN THE NAME OF MRS. A
RENTAL INCOME RS. 1 LACS
IN WHOES INCOME IS THAT TAXABILE MR. A OR MRS. A ?
WHY CLUBBING IS NOT DONE, IF NOT ?
RENTAL INCOME RS. 1 LACS
IN WHOES INCOME IS THAT TAXABILE MR. A OR MRS. A ?
WHY CLUBBING IS NOT DONE, IF NOT ?
30 July 2010
the tranfer is not revocable
than how it will be clubbbed in the hand of mr. A
please explain in detail
than how it will be clubbbed in the hand of mr. A
please explain in detail
30 July 2010
as per section 64(1)(iv) when assets are transferred to spouse for indequate consideration it would be clubbed
tat revocable transfer is only for other ppl.. (other than spouse and son's wife)
tat revocable transfer is only for other ppl.. (other than spouse and son's wife)
31 July 2010
Sir,
Asset has not been tranfered
as it has been purchased only in the name of MRS. A
Asset has not been tranfered
as it has been purchased only in the name of MRS. A
31 July 2010
ya the asset transferred is cash here... he has given it for inadequate consideration
02 August 2010
but my CA has not done clubbing.
, i want to clear again , NO TRANFER ,
Asset has been purchased in the name of MRS> A
, i want to clear again , NO TRANFER ,
Asset has been purchased in the name of MRS> A
02 August 2010
Just ask your CA that Mrs. A is still living with Mr. A hence clubbing provisions would be applicable.
Mr. Srinath has already given a good dicussion on the problem.
The problem is that your CA is not aware of the law.
(Note : This may be the result of his poor/burdensome articleship training while pursuing CA ).
Appoint another good CA in place of him.
Otherwise more blunder he will do for you in future. Presently also he is doing ........the same job.....
Mr. Srinath has already given a good dicussion on the problem.
The problem is that your CA is not aware of the law.
(Note : This may be the result of his poor/burdensome articleship training while pursuing CA ).
Appoint another good CA in place of him.
Otherwise more blunder he will do for you in future. Presently also he is doing ........the same job.....
03 August 2010
sir,
suppose Mrs. A has Rs. 5 lacs in bank and
Mrs. A purchase a land of Rs. 5 lacs, Mrs. a is housewife and does.nt have any techinal or proff. knowlegge
Mr. A is business man
than will there be clubbing ?
suppose Mrs. A has Rs. 5 lacs in bank and
Mrs. A purchase a land of Rs. 5 lacs, Mrs. a is housewife and does.nt have any techinal or proff. knowlegge
Mr. A is business man
than will there be clubbing ?
CA Ravi Sisodia
(Expert)
03 August 2010
Rs. 5 lakh is not a income therefour not clubbed. land purchase is also not clubb becouse it is not a income. if any interst earn by the Mrs.A is also not clubb.
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