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
Replies (2)
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.
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