Rental income transferred to another person
This query is : Resolved
Kollipara Sundaraiah
(Querist)
14 June 2021
Sir,
It assess source of income details mentioned below
1.salary income from private institute rs:1,20,000/- yearly
2.rental income from residential property rs:60,000/- yearly
3 rental income from commercial property rs:1,20,000/- yearly
Question:
Assess commercial rental income transferred and show in it returns to wife or huf allowed in it act.
It assess source of income details mentioned below
1.salary income from private institute rs:1,20,000/- yearly
2.rental income from residential property rs:60,000/- yearly
3 rental income from commercial property rs:1,20,000/- yearly
Question:
Assess commercial rental income transferred and show in it returns to wife or huf allowed in it act.
Ganeshbabu K
(Expert)
14 June 2021
You cant transfer the rental income to wife, HUF due to the clubbing provisions
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