Gift to wife
This query is : Resolved
25 February 2015
I have gifted Rs. 100000 to my wife on 01/04/2014. Please let me know the interest income of Rs. 12000 will be taxable in the hands of my wife or will be clubbed u/s 64(1) in my income?
CA R SEETHARAMAN
(Expert)
25 February 2015
The interest income will be clubbed u/s 64(1) with your income.
25 February 2015
it will be clubbed in your income...........
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