Gift
This query is : Resolved
23 February 2014
if A gift some amont to B and B Make d fd in bank ....d interest generatd from it in whoes hand will it be taxable......pls provide me section.....
23 February 2014
the interest would be taxable in the hands of A under section 64. any income/interest earned on this interest shall be taxable in the hands of B
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