Clubing of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2016
Amount transferred by mother in law to daughter in law & income generated out of that amount is taxable in whose hands?
does clubbing of income section applicable?
does clubbing of income section applicable?
23 February 2016
Dear
It will be clubbed in hands of mother in law.
It will be clubbed in hands of mother in law.
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 February 2016
but isn't it applicable only in case of transfer from husband or FIL?
23 February 2016
Dear
Under section 64(1)(vi)Income from the assets transferred to son’s wife is clubbed.
Here son's wife for both the mother and father.
MIL and FIL both are covered as the son is of both of them.
Under section 64(1)(vi)Income from the assets transferred to son’s wife is clubbed.
Here son's wife for both the mother and father.
MIL and FIL both are covered as the son is of both of them.
Message likes :
1 times
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?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- TDS U/S. 194NF
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- Inventory of finished goods
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
