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Clubbing of Income

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374 Points Posted on 03 February 2019
If property is transferred to minor child for adequate consideration,
as per Section 27 minor child shall be considered as the owner.

But the Rental income from the property will be clubbed in the hands of parent right?
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On 03 February 2019 at 12:19 Report
Replies (5)
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SEO Sai Gr. Hosp.
211560 Points Posted on 03 February 2019

Right.

581 Reply
On 03 February 2019 at 12:37
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374 Points Posted on 03 February 2019
Thank you sir 😊
3 Reply
On 03 February 2019 at 12:39
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Chartered Accountant
272 Points Posted on 03 February 2019
right with one exception

If minor child is suffering from disability mentioned under section 80U then clubbing provisions are not applicable.
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On 03 February 2019 at 14:03
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CA FINAL ASPIRANT
3115 Points Posted on 04 February 2019
INCOME WILL BE CLUBBED IN THE HANDS OF EITHER PARENT WHOSE TOTAL INCOME IS HIGHER BEFORE CLUBBING MINOR INCOME
10 Reply
On 04 February 2019 at 01:40
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Student
7053 Points Posted on 22 February 2019
in the case above mentioned a property which is immovable like land or building transferred to a minor covered under section 27 deemed ownership.
but any income arising out of that property which is held by minor will be clubbed in the hands of his or her parents under section 64(1A)
184 Reply
On 22 February 2019 at 18:53


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