Tax implication

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

06 June 2014 Hi. I have a few clarifications to get.
An assessee is paying certain amount for purchase of house, which is registered in his wife s name. his wife doesnot have any income. What will be the tax implication on is wife?

Nikhil Kaushik

Nikhil Kaushik (Expert)
Follow

07 June 2014 if the whole or part of the house is bought using husband's money, then the income arising out of the house shall be accordingly apportioned to the husband and clubbed in his income...

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now