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wealth tax

This query is : Resolved 
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(Querist)
31 August 2008 a person gifted a house property-1 to his wife

wife purchased house property-2 from the income of house property-1

in the next yr wife purchased house property-3 from the inc from house property-2

is house property 1& house property 2&house property 3 taxable in the hands of the person/taxable in hands of his wife
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S.Srinivasaraghavan

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S.Srinivasaraghavan (Expert)
31 August 2008 Income from house property 1 alone is taxable in the hands of the husband.
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