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clubbing of income

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(Querist)
13 November 2009 when husband gives cash gift to his wief and wief purchases some asset, and the income out of the asset is taxable or not?
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Guest

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Guest (Expert)
14 November 2009 Income of the spouse is clubed in the hand of husbund..
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Rahul Vora

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Rahul Vora (Expert)
14 November 2009 Income out of the asset is taxable in the hand of husband. But income out of the income that is invested is not taxable in the hands of husband



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CA Ravi Sisodia

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CA Ravi Sisodia (Expert)
14 November 2009 Income to be clubbed in hands of husbund..

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