Minimise tax on rentals through lease to wife
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 April 2014
Can a husband lease his property to wife to manage it and reduce his tax burden being husband is taxable at higher tax slab and wife is making some profits on rentals of leased husband's property ? Both file their returns to save the tax in totality.
23 April 2014
husband has to file return for sure. whether wife has to file her return or not shall depend on her total taxable income.
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