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This query is : Resolved
12 November 2020
Dear sir,
If a father transfers a sum of rs. 50 lakhs to his daughter and daughter transfers the same amount to her brother's wife... Brother's wife purchased a new house out this of that amount and gives on rent.. in whose hands the rent income will be taxable?
If a father transfers a sum of rs. 50 lakhs to his daughter and daughter transfers the same amount to her brother's wife... Brother's wife purchased a new house out this of that amount and gives on rent.. in whose hands the rent income will be taxable?
13 November 2020
As the funds indirectly transferred to daughter in law, rent will be taxed in father's hand only.
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