If the converted property is subsequently partitioned among the members of the family, the income derived from such converted property as is received by the spouse of the transferor will be taxable :

Topics: Income Tax Act

Related Questions in this Topic

• Rajat purchased a car for his personal use for ₹ 5,00,000 in April, 2020 and sold the same for ₹ 5,50,000 in July, 2023....
• Capital asset excludes all except ..........
• Loss from the activity of owning and maintaining race horses can be set off against .......... of the same assessment ye...
• Income of a minor child from a Fixed Deposit with a bank, made out of income earned from scholarship, is to be :
• In terms of Section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of m...