Clubbing Provision - House Purchase

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  1. TaxPayer123

    TaxPayer123 Member

    Hi!
    My father gifted me INR 5 lacs which I used to pay a part of a house that I purchased. I now expect to have rental income from that house. Will a part of the rental income (proportionate to his contribution) have to be taxed in the hands of my father?

    Thanks
     
  2. ZED

    ZED Well-Known Member

    Can we discuss all your queries at one place? They all relate to a single topic.
     
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