Urgent itr query- how to calculate gti
Krm91 (Student) (782 Points)
22 July 2015Krm91 (Student) (782 Points)
22 July 2015
CA Suri Kota
(Assistant Manager @ EY)
(955 Points)
Replied 22 July 2015
Hi,
Any income earned out of asset is stil taxable in the hands of transferre.
In the given case, the interest income is taxable in the hands of wife. Only the money which was deposited in the name of wife is clubbed as income in the hands of husband.
Interest earned out of money deposited by husband is taxable in the hands of Wife only.
Thanks,
Suri
Krm91
(Student)
(782 Points)
Replied 22 July 2015
CA SACHIN
(practice)
(115 Points)
Replied 25 July 2015