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Clubbing of income

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(Querist)
07 July 2015 Money transfer to mother. mother invested money in fdr. is provisions of clubbing applicable?? and interest on fdrs would be taxable in the hands of son as per clubbing provisions ???
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CS Advocate Abhishek Goyal

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CS Advocate Abhishek Goyal (Expert)
08 July 2015 No clubbing provisions will apply and FDR interest will be taxable in the hands of mother only.
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Prakash Kochar

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Prakash Kochar (Expert)
10 July 2015 If money is irrevocably transferred to mother for ever, in such casse she becomes owner, no clubbing provisions will be applicable.




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