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Clubbing of income
If a father gifts one of his house property to his major child then the income from this house can be clubbed or not ??
Replies (2)
Quick Summary
Clubbing provisions shall not be applicable in the given Case. Further, any income arising to major child out of house property shall be taxable in his hand.
It's a gift
so clubbing does not apply here.
any income accrue to the major is taxable in his hand
obviously.
so clubbing does not apply here.
any income accrue to the major is taxable in his hand
obviously.
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