Property purchase in husband name
This query is : Resolved
02 December 2016
can wife purchase a property in name of her husband and show in her name in her ITR (Balance Sheet) ?
Wife and Husband both are Income Tax Payer.
Wife and Husband both are Income Tax Payer.
CA. Vinodh Kothari
(Expert)
02 December 2016
As per income tax act clubbing provisions will attract where income from the house property will be added in the hands of wife
VK
CA. Vinodh Kothari
(Expert)
02 December 2016
If any rental income is generated then that income will be taxable
VK
03 December 2016
Sir you mean that a wife can purchase a property in name of her husband and she can show in her name in her ITR (Balance Sheet).
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