| Question And Answer | |
|---|---|
| Subject: | Investment in the Residential House property |
| Category: | Income-Tax |
| Querist: | Kiran |
| Answered by: | Law Intern |
| Tags: | Clubbing of income |
| Date: | August 7, 2025 |
Amount given by all family members for investment in the Residential House property- Property will be used by all family members. So the amount taken can be shown as interest free loan. If transaction is between spouse or daughter in law whether clubbing will attract.
If yes please provide some circular or any case laws
I suppose the house will be registered in the name of one family member and the contributions by the other family members will be an interest-free loan. If so, no asset is transferred without consideration and the clubbing provisions under Section 64(1)(iv) or (vi) will not apply.
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