Clubbing (huf)
Querist : Anonymous
The HUF deposits the said sum in a fixed deposit.
In whose hands will the interest on such FD be taxable?
Kindly quote relevant provisions/case laws.
Clubbing provisions gets attracted.
Ref section: 64(2) of Income tax Act.
Income of HUF from property converted by the individual into HUF property.
Income is included in the hands of individual & not in the hands of HUF.
Querist : Anonymous
Querist : Anonymous
Querist : Anonymous
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