Mr. A gifts house property to his spouse.
Mrs. A further gifts the property to their son's wife.
Who will be liable to pay tax on income from such property?
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Clubbing of income
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If an Individual, directly or indirectly transfers assets without consideration to son's wife, income arising from such assets is included in the total income of the transferor. Here, Mr. A has indirectly transferred property to son's wife, thus, it would be taxable in his hands.
Thanks alot😊🖒
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