Mr. Bala transferred his left out a residential property to his wife by way of gift settlement. During the financial year 2020-21, she earned a rental income of ₹ 30,000 per month. She made a fixed deposit in a bank out of such rental income and earned interest income during the year of ₹ 21,000. The total amount of income liable for clubbing in the hands of Mr. Bala for the assessment year 2020-21 is:

  1. Home

Question:Mr. Bala transferred his left out a residential property to his wife by way of gift settlement. During the financial year 2020-21, she earned a rental income of ₹ 30,000 per month. She made a fixed deposit in a bank out of such rental income and earned interest income during the year of ₹ 21,000. The total amount of income liable for clubbing in the hands of Mr. Bala for the assessment year 2020-21 is:

1.Nil

2. ₹ 21,000

3. ₹ 2,52,000

4.₹ 2,73,000

Posted by R4R Team
  1. Mr. Bala transferred his left out a residential property to his wife by way of gift settlement. During the financial year 2020-21, she earned a rental income of ₹ 30,000 per month. She made a fixed deposit in a bank out of such rental income and earned interest income during the year of ₹ 21,000. The total amount of income liable for clubbing in the hands of Mr. Bala for the assessment year 2020-21 is:
Search
R4R Team
R4Rin Top Tutorials are Core Java,Hibernate ,Spring,Sturts.The content on R4R.in website is done by expert team not only with the help of books but along with the strong professional knowledge in all context like coding,designing, marketing,etc!