banner_ad

clubbing of income

This query is : Resolved 
Profile Image

Profile Image

(Querist)
02 August 2010 Is income earned on gift(eg: interest received on debentures) received by a minor child from his/her grandfather clubbed with income of father/mother?
Profile Image

CA Sanat Pyne

Profile Image

CA Sanat Pyne (Expert)
02 August 2010 GIFT RECEIVED FROM RELATIVE IS NOT TAXABLE.
Profile Image

CA Ravi Sisodia

Profile Image

CA Ravi Sisodia (Expert)
02 August 2010 income from gift will be clubbed with income of father/mother.
Profile Image

SHWETA GERA

Profile Image

SHWETA GERA (Querist)
02 August 2010 sir, you are correct that gift received is not taxable, but what about the income earned?
Profile Image

CA Sanat Pyne

Profile Image

CA Sanat Pyne (Expert)
02 August 2010 YES INCOME WILL BE TAXABLE IN THE HANDS OF FATHER OR MOTHER WHOSE INCOME IS IS HIGHEST EXCLUDING THE INCOME OF MINOR.
Profile Image

CA SURENDRA KUMAR RAKHECHA

Profile Image

CA SURENDRA KUMAR RAKHECHA (Expert)
02 August 2010 Agree with CA Sanat.


(answer lock kiya jaye).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details