Clubbing of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
02 March 2012
If husband earned a Salary of Rs 50000 n this 50000 rs given to her spouse for household expense, out of this spouse invest rs 25000 n earned interest of Rs 5000 on rs 25000. So, whether the interest income will be clubbed in the income of husband or not ?
As per which provision of Income tax Act 1961.
As per which provision of Income tax Act 1961.
02 March 2012
Yes the interest income earned Rs.5000 is would be clubbed in the hands of Husband.
OM SAI SRI SAI JAI JAI SAI
OM SAI SRI SAI JAI JAI SAI
Message likes :
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Guest
Guest
(Expert)
02 March 2012
If the amount is given as pin money to spouse for household exp. and income earned by saving & investing such money. Such income will not be clubbed in hands of husband.
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