clubbing provision


This query is : Open 

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 October 2011 if mr. a gifts to his wife rs 100000 in cash . and his wife invest the same . she rec. rs. 5000 on investment .
here clubbing provision will apply or not
ur answer will different if he gifts this amount to his mother or father

17 October 2011 Yes clubbing provision will apply and Rs.5000 will be taxable in hands of Mr. A as per Sec 64(1)(iv)

clubbing provisions will not apply if payment is to mother or father

17 October 2011 any income/interst received from investment(club amount) then clubbing provision will apply.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
17 October 2011 and that gift of rs 100000 is taxfree in the hands of Mr.A's wife

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
18 October 2011 and that gift of Rs. 100000 is taxfree in the hands of Mr.A's wife because of gift provision


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
18 August 2026
CA Semi Qualifies

Goyanka and Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 07 September 2026
Article/ Paid Assistant

Murali and Sumeet Chartered Accountant

Bengaluru

CA Foundation

View Details
Company
25 August 2026
Senior Accountant

MG Associates

New Delhi

CA Inter

View Details
Company
21 August 2026
Finance Manager

Resollect Technologies Pvt Ltd

Mumbai

CA

View Details
Company
Featured 19 August 2026
Chartered Accountant

apricus india

Pune

CA

View Details
Company
19 August 2026
Chartered Accountant - Financial Consolidation & Reporting

Synergy Keystone

Mumbai

CA

View Details
Company
ARTICLESHIP 17 August 2026
Article Assistant

Jain Ankit and Co

Gurgaon

CA Inter

View Details
Company
ARTICLESHIP 01 September 2026
Article Assistant

SGNG & Associates

New Delhi

CA Inter

View Details