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Gift to daughter in law

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(Querist)
25 February 2015 I have gifted Rs. 100000 to my daughter in law on 01/04/2014. Please let me know the interest income of Rs. 12000 will be taxable in the hands of my daughter in law or will be clubbed in my income
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CA Kapil Verma

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CA Kapil Verma (Expert)
25 February 2015 yes the interest will be club in your income u/s 64(1).

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