Clubbing of income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
05 February 2014
Mr. A has recieved some money after the retirement as pension or whatever called. Then out of that money he invested that momey in FDR in the name of his Wife.
Now the question arises whether the Interest income will be taxable in the hands of Mrs, A or it will be clubbed in the income of Mr. A ?
Now the question arises whether the Interest income will be taxable in the hands of Mrs, A or it will be clubbed in the income of Mr. A ?
07 February 2014
yes it will be clubbed in his return.
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