Gift and income tax
This query is : Resolved
11 July 2013
1. If the spouse gifts property to her husband, then does the rental income arising thereof accrue to the transferor(wife) or transferee(husband).
2. Is it any different in case the gift is effected between mother and son?
2. Is it any different in case the gift is effected between mother and son?
11 July 2013
1. Rental income is to be assessed in the hands of transferor (wife). Ref ;- section 27(i).
2. Rental income will be assessed in the hands of transferee (son).
2. Rental income will be assessed in the hands of transferee (son).
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Machinery taking back from repair work shop
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- Medical facility
- Refund credit after 143 (1) intimation
- Tax Audit Mandatory or Optional
- New old regime
- REGARDING TURNOVER LIMIT
- Patient expenses
- GST Registration DELHI MUMBAI
- LLP audit under companies act
- Income tax return change regime form necessary or not?
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
