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clubbing of income

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(Querist)
30 August 2010 If an assesse gifts a land or transfers some of investments to a new married daughter or to a minor daughter who is newly married then in whose hands that gift is taxable?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
30 August 2010 Neither gift taxable nor clubbing provisions apply in the above case.
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krishna chaitanya

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krishna chaitanya (Querist)
30 August 2010 if clubbing provisions are applied in whose hands the gift is taxable. in hands of spouse or her father?
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Aditya Maheshwari

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Aditya Maheshwari (Expert)
31 August 2010 section states parent only.

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