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Minor income

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CA Saba Naaz

CA Saba Naaz (Querist)
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30 November 2010 A father gifted his house property to his minor married daughter. In whose hands, the income from such house property will be taxable.....
FATHER OR MINOR MARRIED DAUGHTER..?
thanks........

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
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30 November 2010 Income from the house property will be taxable in either of his parents hand whose total income is higher till the daughter becomes major. However Section 10(32) exemption can be claimed by such parent.

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taxindiaconnect

taxindiaconnect (Expert)
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01 December 2010 Agreed.

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