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Querist : Anonymous

Querist : Anonymous (Querist)

17 December 2013 If husband gives loan of Rs. 500000/- to wife and then invests in fixed deposit .Interest on FD is to be clubbed in hands of Husband. Plz clarify ???

@VaibhavJ

@VaibhavJ (Expert)
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17 December 2013 Yes, it is to be clubbed in Husband hand.

Thanks/VaibhavJ

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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17 December 2013 Agreed with expert.

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Querist : Anonymous

Querist : Anonymous (Querist)

20 December 2013 but loan itself a adequate consideration . As per Sec 64, If amount is given as adequate consideration to wife then no clubbing . Plz clarify ? In many balance sheet in office , I have seen loan from wife is shown. In thses cases no clubbing.