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Answers 

I have transferred my flat in the name of my wife as a gift. She receives monthly rental from this flat. Should she offer this as her income?

Total Answers 1
Answer by: VISHAL BANSAL

Flat has been given to your wife as a gift i.e. for nil consideration, you will be considered as the “deemed owner” of the house and the income from renting the flat will be clubbed in your Income under "Income from House Property"


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