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Gift to major child

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(Querist)
19 September 2014 hey guys if a person transfers gift to her major daughter and the daughter invests it. what would be the treatment of the income received from the investment?? is it clubbed In the father's income???
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
19 September 2014 the amount given as gift is not txable as per sec 56(2) and int is taxable in hands of daughter
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