Shantilal transferred his own house in favour of his HUF without any consideration. Rent income of ₹…
The rental income is taxable only in Shantilal’s hands. Section 99 of the Income-tax Act, 2025 clubs income from an individual’s property transferred to his HUF without…
Choose your answer
Shantilal transferred his own house in favour of his HUF without any consideration. Rent income of ₹ 1,20,000 generated from the house is taxable in the hands of
Answer and explanation
Correct answer A
The rental income is taxable only in Shantilal’s hands. Section 99 of the Income-tax Act, 2025 clubs income from an individual’s property transferred to his HUF without adequate consideration with that individual’s income.
Practice for these exams
-
Rajasthan SET (RSET)