Mr S. gifted a let out building which has rental income 10500/M to his son's wife on 1-11-2016.
municipal tax of rs 6000 paid on 10-01-2017.
total income from Ifos (computed) amounts to rs 260000 except from above property
income chargeable to tax
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IFOS.
Replies (3)
There is a similar question in practice manual in clubbing chapter.
i dont have a PM manish
can you tellme the answer
can you tellme the answer
It will be clubbed to Mr. S's incomes u/s 64.
Rent for 5 months (Nov - Mar), less municipal tax and 30 % deduction.
And, you should always refer practice manual.
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