Clubbing of income
This query is : Resolved
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
14 October 2014
in husband's hands only......
14 October 2014
Read more http://taxguru.in/income-tax/clubbing-of-income-under-the-income-tax-act-1961.html
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