Gift of fund
This query is : Resolved
Debashis Mandal
(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
thanks
Debashis Mandal
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
thanks
Debashis Mandal
Gayathri Devi
(Expert)
18 November 2012
Taxable for Father & his spouse under the head Income from other sources
Dhirajlal Rambhia
(Expert)
09 October 2021
Interest income Spouse income will be clubbed in the the hands of transferee.
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