The taxpayer made a registered gift of his business property to his son and then the son made a registered gift of the property to his sister's husband
Now the rent is received in the original taxpayer account but the rent agreement is registered in the name of the sister's husband.. so who should show the income in his income tax return?
taxpayer
Tax payer's son
Or
sister's husband
The last owner of the property.
Hema Yashwanth & Associates
Chennai
B.Com
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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MANUJ SHARMA AND COMPANY
Noida
CA Inter
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Saini Pati Shah & Co LLP, Chartered Accountants
Mumbai
CA Foundation
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CCI
Pro
CAclubindia
