Gift to spouse practicla issue

Rupesh Soni (Taxation Consultant & CA final student)   (504 Points)

25 May 2014  
To provide finance to my Wife & avoid Clubbing payemnt Mode-Cheque trf If I Gift Rs 10 lakh to my Fathr in law...& My Fathr in law gift that 10 lakh to my wife.... gift from relative exmpt But My wife make fdr with Bank @ 8% is Clubbing apply for interest in my income?? Reply it thanxx