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Explain whether income would be clubbed or not

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(Querist)
31 December 2014 If an assessee gave ₹50 lacs to his spouse as gift, and the spouse acquire a house from that cash amount and gave it on rent.So whether house rent income would be clubbed or not in assesse's hand?
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Mamta kholiya

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Mamta kholiya (Expert)
31 December 2014 Yes...The rent Income will be clubbed in an Assessee's income.

However, if spouse reinvests the Rent income and earns further income then such income may not be clubbed with Assessee's taxable income.
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