Clubbing of income

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1 Points Posted on 04 June 2020
If a father gifts one of his house property to his major child then the income from this house can be clubbed or not ??
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On 04 June 2020 at 00:06 Report
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This discussion clarifies that income generated from a house property gifted by a father to his major child is not subject to income clubbing provisions. The income arising from the property will be taxable directly in the hands of the major child. Therefore, the gift itself does not trigger clubbing, and the child is responsible for their own tax obligations on the rental income.

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837 Points Posted on 04 June 2020
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.
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On 04 June 2020 at 13:34
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28271 Points Posted on 04 June 2020
It's a gift
so clubbing does not apply here.
any income accrue to the major is taxable in his hand
obviously.
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On 04 June 2020 at 14:54

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