Gift to daughter in law
This query is : Resolved
25 February 2015
I have gifted Rs. 100000 to my daughter in law on 01/04/2014. Please let me know the interest income of Rs. 12000 will be taxable in the hands of my daughter in law or will be clubbed in my income
25 February 2015
yes the interest will be club in your income u/s 64(1).
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