Clubbing of income


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

23 February 2019 1 Capital gains taxable in the hands of husband.
2 Both.
3 Clubbed.

05 March 2019 Thanks CA R SEETHARAMAN


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