Mr X purchased land worth 100000 /- , he registered same property with his wife's name, is it termed as gift to wife, income arising from such land to the wife will be clubbed in the hands of Mr X , is this provision is correct.
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Income from registered property
Replies (1)
Yes Chaitanya,
Clubbing provision will be attracted considering the little information you have provided as per sec 64(1)(i).
Regards.
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