Compute the total taxable income


Problem: Mr. A, a resident individual, gifted a residential house property to his wife, Mrs. B, who is also a resident individual. The property generates an annual rent of 6,00,000. Mr. A has no other income, while Mrs. B has an income from her profession of 5,00,000. Compute the total taxable income of Mr. A and Mrs. B for the Assessment Year 2022-23, considering the clubbing provisions of income.

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Taxation: Compute the total taxable income
Reference No:- TGS03362125

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