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Clubbing
does provision of clubbing applys when house property is transferred to daughter in law. ?
Replies (2)
Dear Ruchi
1. if such house property transferred as gift than no clubbing apply.
2. if transferred only income with out registering sale deed in name of daughter in law than clubbing apply.
3. if transferred without adequate consideration than income pertaining to the portion of value forgone by father in law , clubbing will be apply for only that much portion of value
Wat abut the ownership of property under wealth tax act?
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