Clubbing Income of Husband and Wife and Son and Mother
This query is : Resolved
28 November 2021
Query 1 If Son do online transfer of 100000 to Mother bank A/c and it is again invested for FD a/c of 5 years in mother name (interest payable yearly) , will interest gained every year untill 5 years be clubbing into Son's income or only mother's income slab?
Query 2 if Husband transfer 100000 to Wife Bank A/c and it is invested into 10 years FD a/c with payout as yearly then I know that interest earned is clubbed into husband hand 1st year Let's 6400 is interest of first year.
Again this 6400 let's say reinvested as FD a/c no 2 then will this also get clubbed into husband a/c?
Also 1st year it will be 6400 and 2nd year 6400 like that then all 10 years interest is clubbed into husband income or only 1st year ?
Query 2 if Husband transfer 100000 to Wife Bank A/c and it is invested into 10 years FD a/c with payout as yearly then I know that interest earned is clubbed into husband hand 1st year Let's 6400 is interest of first year.
Again this 6400 let's say reinvested as FD a/c no 2 then will this also get clubbed into husband a/c?
Also 1st year it will be 6400 and 2nd year 6400 like that then all 10 years interest is clubbed into husband income or only 1st year ?
28 November 2021
1 Not clubbed only mother's income slab.
2 This will not be clubbed.
All'the 10 years income will be clubbed.
2 This will not be clubbed.
All'the 10 years income will be clubbed.
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