Income from assets transferred to the spouse - Section 64(1)(iv)

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....red to the spouse - Section 64(1)(iv) * Assets transferred directly or indirectly by one spouse to another spouse otherwise than for adequate consideration or in connection with an agreement to live....

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....y and the annual value of the house property is taxed in the hands of transferor as per section 27. * The transaction must be real. * Capital gain on sale of property which was received without co....