Clubbing provision
Querist : Anonymous
If a married daughter gifts Rs. 5 lac by cash to her mother, then it will not taxed in hand of her mother.
now my question is in that case clubbing provision will apply or not?
Meaning thereby if her mother invest that money anywhere then income earned on will be taxed in hand of daughter or her mother?
Please explain by quoting relevant section.
Thanks.
2. taxable in hands of mother only such int earned.
Querist : Anonymous
can you please quote relevant section.
Querist : Anonymous
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