Clubbing of income

Save Share

Join Us Follow Us Add as Source

This query is : Resolved

Report Follow Query Ask a Query

Querist : Anonymous

Querist : Anonymous (Querist)

01 March 2014 is it the income from house property of wife can be clubbed in the hands of husband?

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

01 March 2014 yes if the husband is the beneficial owner of the house.

Querist : Anonymous

Querist : Anonymous (Querist)

02 March 2014 what is meant by beneficial ownership

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

02 March 2014 well if wife has no income of her and the house has been bought from funds provided by husband only, then husband shall be considered as the beneficial owner because effectively it is the husband only who has provided for the investment in the house.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now