Clubbing
This query is : Resolved
13 March 2015
suppose husband gives 10lac to his wife as gift it is exempt from tax but clubbing provision says it will include in the income of the transferor?
Gaurav Vora
(Expert)
13 March 2015
As per the clubbing provisions, the income arising out of the transferred amount (not the transferred amount itself) would be clubbed with the income of the transferor.
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