Taxation of Life Interest
Querist : Anonymous
A couple have retained life interest but have settled the property in the name of their son.
The house property is occupied by them and partly it is let out.
In whose hands will the income from house property be taxed??
Will it be taxed 50% each?
Can life interest be sold to others?
Querist : Anonymous
My question is that whether the husband and wife can share the rental income in their respective returns? because they are sharing the life interest?
Querist : Anonymous
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