Clubbing of income

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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)
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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)
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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.

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