Clubbing of income provision applicable
This query is : Resolved
11 July 2021
Sir,
It assess cash gift to mother rs:15 lacs through on bank mode.if assess mother received amount fd investment in bank and assess fd interest income received from mother after interest income gift to wife account transfer.
Question:
1.Above transactions clubbing provision applicable in it act
2.above transactions gift tax applicable
It assess cash gift to mother rs:15 lacs through on bank mode.if assess mother received amount fd investment in bank and assess fd interest income received from mother after interest income gift to wife account transfer.
Question:
1.Above transactions clubbing provision applicable in it act
2.above transactions gift tax applicable
11 July 2021
1. Clubbing Provision applicable.
2. No Gift tax applicable
2. No Gift tax applicable
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