If i transfer assett to my brother without adequate consideration for:
1. for 5 years
2.for lifetime of brother
3. peramant then what is treatment and under which section?
Menu
Clubbing of income
Replies (1)
The income from teh property would be clubbed in your hands and not yoru bother's hand, as it is transferred without adequate consdieration.
Recent Topic
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
- INCOME FROM CLOSING OF NSS -1992 -EXEMPT UNDER W
Related Topics
CAclubindia
