Income from house property clubbing

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2018 Hi i have a query.A house property is registered in wife's name who is a housewife n husband is a pensioner.It is partly self occupied n partly let out for a monthly rent of Rs10000.Will the rental income be clubbed with the income from pension of her husband.The house property was gifted or may be acquired by his wife on 1986 from her uncle(Father's brother) thru an affidavit n registered in the year 2009(land patta received).If the want to show dis rental income in IT Returns will it be clubbed with the husband or is it okay n legal to not show it since land is in wife's name.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 July 2018 It will not be clubbed with husband's income as the property is not gifted by husband.

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Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2018 Thank u so much sir.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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03 July 2018 Welcome..................

Querist : Anonymous

Querist : Anonymous (Querist)

03 July 2018 Sir one information i want to add regarding the above query.The couple got married in 1981 and the wife is a housewife n the property was purchased actualy from her paternal uncle for a consideration of Rs15000 back in 1986 n actualy its not a gift according to the affidavit made on 1986.Now wil it be conaidered that the husband being a salaried employee in 1986 bought that house in his wife name out of his income?If dis is the scenario will it be clubbed since wife does not have any source of income to pay Rs15000 for the property in 1986 n wil it be aasumed it was paid by her husband.Wil now clubbing of rental income take place with husband as deemed owner us 27 for the partly let out property.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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04 July 2018 No such assumption will be made by dept at this distance point of time.
Can be said as purchase out of marriage gift.

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Querist : Anonymous

Querist : Anonymous (Querist)

04 July 2018 Thank u sir.I was slightly confused with that.

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