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Gift of fund

This query is : Resolved 
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(Querist)
18 November 2012 Respected Experts
If an assessee transfer some of his income to his father & to his spouse & transferees have invested such amount & also earned smee Interest then such Interest income will be taxable under whose hand - to that assessee or in the hands of such transferee
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Debashis Mandal
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Gayathri Devi

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Gayathri Devi (Expert)
18 November 2012 Taxable for Father & his spouse under the head Income from other sources
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
09 October 2021 Interest income Spouse income will be clubbed in the the hands of transferee.
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