Clubbing provisions
This query is : Resolved
24 June 2017
I am working in MNC; unmarried. I transfeered Rs. 1 Lakh to my mother bank account and she had deposited term deposit of 1 year. I want to know whether the interest income will be added to my income or my mothers income.??
24 June 2017
you donate the money or otherwise, the income will be that of your mother.
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