Nishant gifted a house property valued at ₹40 lakhs to his wife, Sarita, who in turn has gifted the same to her daughter-in-law Babita. The house was let out at ₹30,000 per month throughout the P.Y. 2021-22. In which han
CS Executive · Tax Laws · PYQS · December 2022
Nishant gifted a house property valued at ₹40 lakhs to his wife, Sarita, who in turn has gifted the same to her daughter-in-law Babita. The house was let out at ₹30,000 per month throughout the P.Y. 2021-22. In which hand and how much income from house property is chargeable to tax for A.Y 2022-23?
Answer & Explanation:
Correct Answer: Option (A)
Official answer key: (A).
Topics: Income Tax Act, 1961
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