Clubbing of income
This query is : Open
Ajay Agarwal
(Querist)
23 February 2019
If husband gift/transfer a property/land to his wife and than his wife sell this property nd acquire sales consideration in her bank a/c further she gives this amount to her husband as a loan.
queries.
1. capital gain taxable in hands of wife or husband.
2. can wife give sales consideration o husband as loan or gift or both.
3. if loan than interest given by husband to his wife clubbed or taxable in hands of wife.
Thanks
queries.
1. capital gain taxable in hands of wife or husband.
2. can wife give sales consideration o husband as loan or gift or both.
3. if loan than interest given by husband to his wife clubbed or taxable in hands of wife.
Thanks
CA R SEETHARAMAN
(Expert)
23 February 2019
1 Capital gains taxable in the hands of husband.
2 Both.
3 Clubbed.
2 Both.
3 Clubbed.
Ajay Agarwal
(Querist)
05 March 2019
Thanks CA R SEETHARAMAN
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