GK
TAXES IN INDIA
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
R transferred his house property to his wife under an agreement to live apart. Income from such house property shall be taxable in the hands of :
|
|
R as deemed owner
|
|
|
Mrs. R
|
|
|
R. However, it will be first computed as Mrs. R income & Thereafter clubbed in the hands of R
|
|
|
None of these
|
Explanation:
Detailed explanation-1: -Ans: Under certain circumstances as given in section 64(1)(ii), remuneration (i.e., salary) received by the spouse of an individual from a concern in which the individual is having substantial interest is clubbed with the income of the individual.
There is 1 question to complete.