05 June 2023
Sir, please guide if a husband bank transfers some amount to an earning wife. The FD is done with that money. Will the interest income be clubbed with the husband? And what if the husband is nonworking. Thanks in Advance
05 June 2023
When wife earns interest income, from the loan amount of her husband, the interest income is taxed in the hands of either of the person whose income is more.
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