B gifted the house property to his minor son which was let out @ 7 9,000 p.m. Income from such house property shall be taxable in the hands of:
A. Minor son
B. B. However, it will be first computed as minor’s income and thereafter clubbed in the income of B
C. B, as he will be deemed owner of such house property and liable to tax
D. None of the above
Answer:C
B gifted the house property to his minor son which was let out @ 7 9,000 p.m. Income from such house property shall be taxable in the hands of:
A. Minor son B. B. However, it will be first computed as minor’s income and thereafter clubbed in the income of B C. B, as he will be deemed owner of such house property and liable to tax D. None of the above