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Which of the following persons is not treated as the owner of a building under section 25 of the Income-tax Act, 2025?

Question and options

Which of the following persons is not treated as the owner of a building under section 25 of the Income-tax Act, 2025?

  1. An individual who gifts the building to his wife, with no agreement to live apart

  2. A buyer in possession in part performance under section 53A of the Transfer of Property Act, 1882

  3. An individual who gifts the building to his minor married daughter

  4. The holder of an impartible estate that includes the building

Answer and explanation

Correct answer: C - An individual who gifts the building to his minor married daughter

Section 25(a) of the Income-tax Act, 2025 treats an individual who transfers a property without adequate consideration to a spouse (other than under an agreement to live apart) or to a minor child as its owner, but excludes a transfer to a married daughter. The holder of an impartible estate and a person in possession under section 53A of the Transfer of Property Act, 1882 are deemed owners under section 25(b) and (d).

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