Tax on rental income for senior citizen

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  1. RK SWAMY

    RK SWAMY New Member

    Through a settlement deed, a 85 year old senior citizen gave his wife an apartment. She has no other source of income.
    This apartment earns her monthly rental of 25,000. Is this income taxable in the hands of the husband (who is in the lowest taxable bracket) and be clubbed with his other deposit interest income ?

    Kindly advise.
     
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