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 Topics :
- LTCG on property sale
- Capital gains incidence due to bonus shares
- Amendment of Object Clause of Memorandum
- How Can I Request a Refund for an Accidental Airte
- TDS on salary paid in cash
- YEAR END GST ENTRY FOR RCM NOT PAID RS 5000 I.E OU
- Last Date To Fill ITR For Non-Audit Case
- Guidance Required on Filing Fresh Registration und
- IT Return Refund Status AY 2026-27
- Clarification Regarding Income Tax Demand Notice
Related Topics :
CAclubindia
