Interest income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 August 2016
If I gift my interest income to mothe who is non earner, will it be texemptedax from my income.
11 August 2016
Interest income is taxable in the hands of receipant & therefore you are liable to tax,if your income is more than Rs.250000/-p.a.
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