Hi,
I have a income from commercial property and i want to find if there is any way i can share this income with my spouse who currently is not having any income.
The property is in my name. I basically seeing if there are any way in which i can reduce the tax on this income.
Is forming a partnership company with my spouse can be helpful, please advice what steps can be taken.
Thanks
Thanks Santhosh,
What i have also learned is that if i gift the property to spouse then the income will be clubbed to mine itself. Is this correct, please advice.
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