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Rental income from letting of floor to bank

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Querist : Anonymous

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Querist : Anonymous (Querist)
12 July 2013 Dear all,
My husband has a premises which is to be let out to bank. income arising therefrom is taxable with his income. He is a salaried employee and of now he gets taxed in the 30% bracket. The TDS on this income will be deducted at 10%. Effectively, he will be liable to pay additionally 20%. is there any way by which he can reduce the tax burden. Is gift in my name (wife) possible only for that floor or any other possibilities. Please guide.
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Anil Sankar V

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Anil Sankar V (Expert)
12 July 2013 clubbing provision will apply on transfer.so not much difference.but a solution if u have a major son/daughter.
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