banner_ad

Clubbing

This query is : Resolved 
Profile Image

Profile Image

(Querist)
15 April 2012 If I gift Rs 100000/- in cash to my wife, in that case whether provision of clubbing of income is applicable?
Profile Image

CA Rakesh Goenka

Profile Image

CA Rakesh Goenka (Expert)
15 April 2012 no here clubbing provision wont apply............... here no question of income arises so anything not chargeable ...........
Profile Image

CA PARAS BAFNA

Profile Image

CA PARAS BAFNA (Expert)
15 April 2012 The reply given by expert is true only when the wife spends the money for wasteful expenses or for such purposes which are not capable to generate any income.
.
Practically & technically also, if a person is having a wife like above, she will make "application" of money without being gifted to her and possibly amount of Rs. 1.00 lac
may not be retained by him for the purpose of making a gift.
.
But in-spite of wasting money, if she invests it, the income generated from such
investments will be clubbed in the hands of the Husband. (Pl. Refer Section 64(1)(iv).
.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news


Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
16 May 2026
Account & Audit Asst

RAHUL KHANDEBHARAD & ASSOCIATES

Nashik

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
19 May 2026
Accountant

ca kunjan

Mumbai

CA Inter

View Details