Clubbing provisions
This query is : Resolved
23 July 2011
Dear,
we would like to your adviseon the following issue.wifes income is to be clubbed with husband's income as per IT provisions. Is it possible to deduct 80 c payments from wife's income and club the income after such deduction in husband's income? Further can the husband claim 80c deduction upto Rs one lac from the clubbed income.
we would like to your adviseon the following issue.wifes income is to be clubbed with husband's income as per IT provisions. Is it possible to deduct 80 c payments from wife's income and club the income after such deduction in husband's income? Further can the husband claim 80c deduction upto Rs one lac from the clubbed income.
23 July 2011
Dear author,
There is no such provision that always wife's incomes clubbed in husbands income. If wife earn in his own capacity than it will not clubbed.
But if it is clubbed than you can't clubbed it after 80C deduction. It will clubbed before it.
There is no such provision that always wife's incomes clubbed in husbands income. If wife earn in his own capacity than it will not clubbed.
But if it is clubbed than you can't clubbed it after 80C deduction. It will clubbed before it.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- REGARDING GST ON COMMERICIAL PROPERTY
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- GST on export of services and Input Credit
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- MIS MATCH OF INVOICE NUMBER
- VERIFICATION OF REFUND RELATED
- GST Regis.
- ITC c/f from FY2022-23 to FY2023-24 entered the same in table 8C of GSTR9 of FY 2022-23, in FY23-24
- Late filling fees Demand by gst office
- IGST Credit-Show cause notice issued-confusion
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
Trending Online Classes
CAclubindia
