clubbing provisions
This query is : Resolved
04 August 2016
dear members,
A plot of land allotted to husband in 1991 was gifted to wife in 2009 and now wife has sold the plot and clubbing provisions apply. the query is in whose name bonds of 54EC will be purchased husband or wife ?
05 August 2016
Yes the clubbing provision is applicable. It will be clubbed with the person whose has higher income.
05 August 2016
Mam,
The query is in relation to in whose name investment in 54EC bonds will be done ?
The query is in relation to in whose name investment in 54EC bonds will be done ?
Message likes :
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05 August 2016
Mam,
In my query husband is a businessman and wife is a housemaker, so husband's income is more .
In my query husband is a businessman and wife is a housemaker, so husband's income is more .
05 August 2016
about 54EC bonds since clubbing says it will be in name of transferor but wife is reciepient of money. So whether we purchase in name of husband (transferor) or wife ?
05 August 2016
If it is clubbed in the husband's income, it would be advisable to purchase in the name of husband.
10 August 2016
can we purchase it in name of wife seeking that if income is clubbed, the e
10 August 2016
the exemption should also be clubbed... and please tell me about the treatment in each ITR .
thanks
10 August 2016
It can be purchased in the name of wife and the income earned will be shown under the "Income from other sources".
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