Gift or clubbing incom
Querist : Anonymous
thanks sir..in this quaery anther problem is husband stop there business and then wife start it with new business new name ...beause of that officee say wife invest husband cash in business and wife getting income may be which inculding husband income under clubbing sect it is prosible
Clubbing not applicable in case of Gift. It may be applicable in case any Income accrues out of the Gifted amount in future years (Like Interest Income; Rent if gifted amount is used to buy Property etc)
Querist : Anonymous
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