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Clubbing income

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(Querist)
13 July 2019 Husband wants to give a gift to his wife by buying a flat in the name of wife. And his wife wants to let out this flat so that monthly income can be generated. In this case, the clubbing income shall be applied or not ?
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
13 July 2019 Clubbing applies per section 64(1)(iv) .
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Deepak Kumar

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Deepak Kumar (Querist)
14 July 2019 Even if gift deed is made, there will be clubbing income ?



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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
14 July 2019 Position will not change.

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