If a husband deposit cash in wife's acc , then the interest earned would be taxable or not in hands of wife?
Is there any exempltion available to wife?
PRIYA PRASHAR (.) (60 Points)
24 September 2020
sabyasachi mukherjee
(27276 Points)
Replied 24 September 2020
CA Kushwanth AVSR
(CA in Practice CMA by Qualification)
(1593 Points)
Replied 25 September 2020
As per the clubbing provisions of Income Tax Act, such interest will be taxable in the hands of the husband as such amount is related to husband.
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