Tax query

CA.Sonia (professional) (517 Points)

09 August 2013  

 

Mr.X falls under 30% & wherin he needs to pay 20% tax amount on int Deducted on F.D.

He is willing to take the F.D on his Son's name to save the tax amount as he falls under exemption limit.

Please let me know does the income of the son will fall under clubbing of income.

Please refer the relevant case law.

 

Thanks