Clubbing spouses interest income
ratnarao (retired ) (4 Points)
18 March 2017ratnarao (retired ) (4 Points)
18 March 2017
Studentsca
(CA Practice )
(3577 Points)
Replied 18 March 2017
CA V KARTHICK
(Chartered Accountant in Practice)
(506 Points)
Replied 20 March 2017
Clubbing provision will be applicable for transfer of Any Asset for the benefit of the spouse.
Since the Amount invested is from your retirement benefit and you have transferred the benefits of the investment ( ie, Interest ) to your spouse clubbing provisions will be attracted.
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