Fund Transfer to spouce and It amount made Fixed deposit as name of His wifes s accounting
Chandrakant Parmar (34 Points)
26 February 2023Chandrakant Parmar (34 Points)
26 February 2023
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(178421 Points)
Replied 26 February 2023
The interest of the FD will be assessed in husband's file.
CA Sorav Gupta
(Chartered Accountant)
(1005 Points)
Replied 28 February 2023
Clubbing of income will be there. There is no specific need of maintaining books of accounts for such transactions.
In case of any further queries, kindly mail me at casoravgupta @ gmail.com
Thanks & Regards
CA. Sorav Gupta
(Practicing Chartered Accountant)