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Clubbing of income

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(Querist)
13 October 2014 A husband gifts a chq of rs 10 lac to his wife and wife converts that money into fd and receives intt on that fd, now whether fd intt will be clubbed with the income of husband or will taxed in wife's hands
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
14 October 2014 in husband's hands only......
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@VaibhavJ

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@VaibhavJ (Expert)
14 October 2014 Read more http://taxguru.in/income-tax/clubbing-of-income-under-the-income-tax-act-1961.html
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