Income from Gift Given to Spouse
This query is : Resolved
15 December 2009
Dear All,
A wife gifts Rs. 1 Lac to her husband. Husband invests that amount in Fixed Deposit.
Interst from FD will be clubbed in the income of Husband or wife.
Plz clarify
A wife gifts Rs. 1 Lac to her husband. Husband invests that amount in Fixed Deposit.
Interst from FD will be clubbed in the income of Husband or wife.
Plz clarify
15 December 2009
As per ruling of SC in case of Mohini Thapar(1972)83 ITR 208 Interest shall be clubbed in the hands of wife.
16 December 2009
pls explain more about that case Mr.Mohd.
Thanks in advance
Thanks in advance
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