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Clubbing of income

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Querist : Anonymous

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Querist : Anonymous (Querist)
01 March 2012 if a husband wants to give money to his wife for starting the business. then will the income will be clubed in his hands?

in what terms he should lend so that the clubbing provisions do not attract?
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Guest

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Guest (Expert)
01 March 2012 The profit earned from the business carried on by gifted money will be taxable in hands of husband by way of clubbing.
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anurag

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anurag (Expert)
01 March 2012 the loan should be given at the prevailing market rate.
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