taxability of income on gift received from Husband and Daugh
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
23 August 2010
If Rs. 5,00,000/- received as a gift from her Husband, the amount may be invested somewhere, from that if any income receives by wife, then the income is taxable in the hands of Husband or Wife?
Similarly, If amount received from her DAughter as a GIFT, then the income on the same is taxable in the hands of mother? or Daughter? (Daughter is major)
Similarly, If amount received from her DAughter as a GIFT, then the income on the same is taxable in the hands of mother? or Daughter? (Daughter is major)
24 August 2010
The income would be clubbed and would be taxable in the hands of Husband.If the income is received from Daughter (Major) then the provisions of clubbing would not be attracted and the Income therefrom would be the taxable income of the wife
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
- REGARDING GST ON COMMERICIAL PROPERTY
- Is this income indian or foreign income?
- 15ca /15cb whose income tax login? remitter or nri seller's login?
- GST on export of services and Input Credit
- ITC temporary reversal and reclaim
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- TDS U/S. 194NF
- Regarding Documentation & Compliances for Opening of Unit of Pvt Ltd.
- Applicable TDS rate for sale of property in Nov 2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Short and Excess provision of expenses
- Issue of gst e invoice
- Interchangeable words in accounts
- Adjusted profit/Loss in the case of LLP and Pvt. Ltd.company
- 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 Resignation by Auditor from Pvt. Ltd.
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
