Income from house property-Clubbing Provisions.
This query is : Resolved
29 April 2024
My client has a house property registered in his and his spouse name.His spouse has been declaring income from property(let out) in her IT Returns so far.Would clubbing of income apply?
My client wants to declare the same income in his IT Return from the current FY onwards.Is this ok?Of course,his spouse would not declare the income from property in her IT Return now onwards.
Pl clarify
My client wants to declare the same income in his IT Return from the current FY onwards.Is this ok?Of course,his spouse would not declare the income from property in her IT Return now onwards.
Pl clarify
29 April 2024
Irrespective of whatever being done until now, whoever paid for this property is the deemed owner for paying income tax on its income.
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