Transfer of rental income to HUF: What are the income tax provisions?1 min read . Updated: 04 Jul 2021, 10:27 AM IST
- Since members including the daughter–in-law are specified relatives of the HUF, the HUF will not have any tax liability in respect of the rental income so received
Question: One of my daughter-in-law has bought a residential flat in Mumbai which has been let out on monthly rent of 50,000/-. She voluntarily wishes to contribute the rental income directly to my HUF to enhance its corpus. I want to know whether it is perfectly legal or not. Will it make any difference if if she transfers the house to the HUF instead of the rental income?
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