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Gift

This query is : Resolved 
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(Querist)
31 May 2016 Mr X gifts Rs 60000 to Mrs X(spouse) Mrs X earns interest by depositing the money into bank. What will be the tax treatment of this Interest Income?
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Rupesh Jain

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Rupesh Jain (Expert)
31 May 2016 interest income will includes in hand of husband under clubbing provision.
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