07 May 2017
Go to link provided
https://www.google.co.in/search?hl=en-US&ie=UTF-8&source=android-browser&q=clubbing+provision+with+examples&gfe_rd=cr&ei=ZS8PWaPTH-7s8AeyjomQBQ&gws_rd=ssl#gfe_rd=cr&gws_rd=ssl&xxri=3
08 May 2017
Gift revived by my 2 minor daughter(their age 12 yrs and 10 yrs old) from their nani and mama worth rs. 196000 and 190000 in FY 2016-2017 . weather is clubbing in my income or i prepare gift deed for the same. what i can i do. pls tell
08 May 2017
Yes this income is clubbed with income of parent having more taxable income & deduction of Rs.1500/- for each child is available.
Yes u have to prepare gift deed.
CAclubindia
