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?
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
(Expert)
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...
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