Cluubing
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
17 December 2013
If husband gives loan of Rs. 500000/- to wife and then invests in fixed deposit .Interest on FD is to be clubbed in hands of Husband. Plz clarify ???
17 December 2013
Yes, it is to be clubbed in Husband hand.
Thanks/VaibhavJ
Thanks/VaibhavJ
17 December 2013
Agreed with expert.
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 December 2013
but loan itself a adequate consideration . As per Sec 64, If amount is given as adequate consideration to wife then no clubbing . Plz clarify ? In many balance sheet in office , I have seen loan from wife is shown. In thses cases no clubbing.
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