Clubbing of Income

Vivek Sharma (Article) (54 Points)

06 March 2009  

If a wife has taken a personal loan n amt received from it is deposited it as a FD, then the interest received from FD would be clubbed in the income of the husband or it would be the income of the wife, also the installment of loan is paid by the wife from the income saved by her from the household expenses...