Clubbing of income for gift to daughter
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 July 2015
WILL THE CLUBBING PROVISION APPLY IF I TRANSFER SOME AMOUNT TO MY UNMARRIED DAUGHTER'S A/C ( IST HOLDER)WHICH IS A JOINT A/C WITH ME MY WIFE AND MY DAUGHTER.
QUESTION IS WHETHER JOINT A/C WILL ATTRACT CLUBBING PROVISION.
QUESTION IS WHETHER JOINT A/C WILL ATTRACT CLUBBING PROVISION.
12 July 2015
Open a separate ac to your daughter and transfer the amount then only any income earned on it not taxable in your hands.
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