| Question And Answer | |
|---|---|
| Subject: | Clubbing of income |
| Category: | Income-Tax |
| Querist: | Sree lekha |
| Answered by: | Reply of the Expert is awaited; |
| Tags: | Clubbing of income |
| Date: | April 17, 2024 |
Sir,
The wife purchased a property and the funds for purchase were paid from husband’s bank account. The wife does not have any income and is a house wife. The property is given on rent and the wife is in receipt of rental income. Will this rental income be clubbed in the hands of the husband? If so, under which clause of section 64 of the Act?
Please clarify.
Reply of the Expert is awaited. Please check back later
Disclaimer: This article is only for general information and is not intended to provide legal advice. Readers desiring legal advice should consult with an experienced professional to understand the current law and how it may apply to the facts of their case. Neither the author nor itatonline.org and its affiliates accepts any liabilities for any loss or damage of any kind arising out of any inaccurate or incomplete information in this article nor for any actions taken in reliance thereon. No part of this document should be distributed or copied (except for personal, non-commercial use) without express written permission of itatonline.org