sir, i have a vacant land can i give settelement to wife ,after that she will build a biulding from her own funds will the clubing of income from that building will be there or she is building from her own fund so no clubbing
thank u
2 Replies
harishraj
(manager)
(74 Points)
Replied 14 December 2014
| Originally posted by : harishraj | ||
 |
sir, i have a vacant land. can i give settelement to wife ,after that she will build a building from her own funds will the clubing of income from that building will be there or she is building from her own fund so no clubbing thank u |
 |
Vishal Goel
(Chartered Accountant)
(1693 Points)
Replied 23 February 2015
Clubbing not applicable if:
The assets are transferred;
1. With an agreement to live apart.
2. Before marriage.
3. Income earned when relation does not exist
4. Property acquired out of pin money.
In ur case land is given by you & building is build by ur wife from her own fund.
Total income ka jitna portion land value se aa rha hai utna portion husband ke hand me club hoga... i think...
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