Vikrant Juneja gifted his house property to his wife in year 2007. Mrs. Juneja then lets out this house @ Rs. 5000 per month. The income from such house property will be taxable in the hands of:
A.
Mrs. Juneja
B.
Vikrant. However income will be computed first as Mrs. Juneja’s income and thereafter clubbed in the income of Manish.
C.
Vikrant, as he will treated as deemed owner & liable to pay tax
D.
Anyone amongst both of them, whose income is greater.
Chosen Answer:
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