Clubbing of income

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srinivasan ak (Querist)
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08 March 2020 If an individual say Mr.X transfers a house property to his wife Mrs.X for an inadequate consideration then Mr.X is considered to be the deemed owner. In the above case If Mrs X, sells the house property and gets capital gains then it should be clubbed in the hands of of Mr X. My query is that to avail any eligible capital gain exemptions, who has to make investment? Is it Mr X or Mrs X?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 March 2020 Any one can make investment.

srinivasan ak

srinivasan ak (Querist)
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09 March 2020 Ok sir... but if both make investment then their total investment made by both of them can be claimed is it?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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09 March 2020 No, make investment in one person.

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