Income tax and clubbing of income
This query is : Resolved
Vicky Batra
(Querist)
28 April 2014
I am a salaried person if I transfer my salary to my parent bank account whether it will attract any tax liability to my parent and the interest earned on that transfered amount should be added to my income or not ?.
Nikhil Kaushik
(Expert)
28 April 2014
no. there won't be any clubbing in your hand or any tax impact in your hand.
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