GIFT TO NON WORKING SPOUSE
This query is : Resolved
Quick Summary
10 January 2023
APARTMENT GIFTED TO SPOUCE -SHE IS HOUSE WIFE NOT WORKING - SHALL I MENTION THIS IN MY RETURN?
10 January 2023
Not possible to declare it in your ITR.
Advised to declare it in her ITR, as exempted Gift.
Please not that clubbing of income under sec. 27 of IT act, will be applicable in your case.
Advised to declare it in her ITR, as exempted Gift.
Please not that clubbing of income under sec. 27 of IT act, will be applicable in your case.
10 January 2023
Nothing to mention in ITR.
As per the income tax law, you are deemed-owner of the property.
All its income will be added to your ITR.
As per the income tax law, you are deemed-owner of the property.
All its income will be added to your ITR.
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