Clubbing of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 March 2012
if a husband wants to give money to his wife for starting the business. then will the income will be clubed in his hands?
in what terms he should lend so that the clubbing provisions do not attract?
in what terms he should lend so that the clubbing provisions do not attract?
Guest
Guest
(Expert)
01 March 2012
The profit earned from the business carried on by gifted money will be taxable in hands of husband by way of clubbing.
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