Clubbing of income provision
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
13 June 2013
A brother transfers Rs. 8 lacs as gift to his married sister. The sister in turns transfer that money to her husband's HUF as contribution towards the HUF. What will be tax implacations w.r.t. a) Gift Tax and b) Clubbing of Income.
Rupesh Jain
(Expert)
13 June 2013
income includes in hand on sister.
no gift for brother and sister
thanks
no gift for brother and sister
thanks
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