Clubbing
This query is : Resolved
sahil mahajan
(Querist)
24 November 2012
if a husband gives cash to his wife for purchase of land & registered in her name.subsequently,wife gives land on rent or sale it then clubbing provision will apply or not .
Amol S Joglekar
(Expert)
24 November 2012
Yes. It will attract clubbing provisions.
Pankaj Gupta
(Expert)
24 November 2012
Yes the clubbing provisions will apply u/s 64(1)(iv). Both ie rent as well as capital gain will be clubbed.
Pankaj Gupta
(Expert)
24 November 2012
In order to save tax you can give the money to her @ 0% loan which she will return after selling the house.
Amol S Joglekar
(Expert)
25 November 2012
while giving loan make sure you are not violating sec 269SS
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