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MEGHA KANNAN

CHARTERED ACCOUNTANT

35 Points Posted on 05 December 2012

If Mr.X transfers a property to his minor married daughter then sec 27 will not be applicable...

My Q is now in whose hands will the income from HP be taxed,is it in the hands of

a) Parents whose income is greater as per 64(1A) or

b) In the hands of minor married daughter????

my friend and i follow two diff authors and when solving questions togethr we came into this fix ...

kindly help...

thanks in advance:)

Replies (1)

Ravi Kumar Mahaur

CA-FINAL

199 Points Posted on 06 December 2012

As per section 27 the income from such house property will be the income of minor married daughter. However, as per section 64(1A) income of minor (including minor married daughter also) shall be clubbed in the hands of either of parents whose total income excluding such income is greater.

Therefore the income from such house property will be clubbed u/s 64(1A) and taxable in the hands of father/mother as the case may be.