Clubbing of income

hello chaitanya,

yes it is correct. income to be clubbed with the income of mr.A.

y bcoz income on the asset transferred to be clubbed & but not on the income accreation to the asset.

rent recieved by mrs.A to be clubbed on the income of mr.A.

property registered in the name of mrs.A is irrelevant.

Originally posted by : gvgr7
	hello chaitanya, yes it is correct. income to be clubbed with the income of mr.A. y bcoz income on the asset transferred to be clubbed & but not on the income accreation to the asset. rent recieved by mrs.A to be clubbed on the income of mr.A. property registered in the name of mrs.A is irrelevant.

Yes income earned form the gifted money of spouse is to be clubbed in the hands of spouse giving such gift.(Sec 64(1A).

if mrs A transfer shop to any one, capital gain arising from such transfer taxable under mrA, is it correct.

another one is if property is purchased using huf funds, but registered in the name of karta, karta has any right to transfer such property personally without consulting other members of huf.