Mr. A transferred to his wife, the property belonging to Mr. A without adequate consideration, the income from house property be
A. Clubbed in the hands of Mr. A u/s 64(1)
B. Treated as income of Mrs. A
C. Taxable in the hands of Mr. A u/s 27 as Mr. A is deemed owner
D. None of the above.
Answer:C
Mr. A transferred to his wife, the property belonging to Mr. A without adequate consideration, the income from house property be
A. Clubbed in the hands of Mr. A u/s 64(1) B. Treated as income of Mrs. A C. Taxable in the hands of Mr. A u/s 27 as Mr. A is deemed owner D. None of the above.