Clubbing of Income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2010
If a son gifts money to his father. then whether the Income from that money will be clubbed and taxed in the hands of the Son.
Please Clarify.
Please Clarify.
06 April 2010
NO IN THE HANDS OF FATHER.
Querist : Anonymous
Querist :
Anonymous
(Querist)
06 April 2010
Now if the father gifts the money to Sons HUF then income from that money will be will be clubed or will be taxed in the hands of HUF
06 April 2010
IN THE HANDS OF HUF.
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