Itr 2015-16
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
18 August 2015
My wife received money from my father in law. She did a fixed deposit on which income was generated. sh has a PAN no. Can she file income tax return in her name.
18 August 2015
Assuming the money is received as GIFT from her father in law :
It will be clubbed in the income of father in law u/s 64(1)(vi)
It will be clubbed in the income of father in law u/s 64(1)(vi)
19 August 2015
@Amol Ji
No, 64(1) (vi) doesn't apply since transaction is between father and daughter.
@Questioner
If the income including the interest on FD > the basic exemption limit she has to necessarily file return. On the other hand, if her income < the exemption limit and tax is deducted from interest, then also she has to file the return seeking refund.
No, 64(1) (vi) doesn't apply since transaction is between father and daughter.
@Questioner
If the income including the interest on FD > the basic exemption limit she has to necessarily file return. On the other hand, if her income < the exemption limit and tax is deducted from interest, then also she has to file the return seeking refund.
19 August 2015
Yes, my mistake. B Chackrapani Warrier.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Regarding Appointment of auditor in case of casual vacancy
- GST- DRC 03 RCM Liability
- Conversion of Proprietorship Firm to Partnership Firm
- Validity of form 15 G and 15 H on Interest on fixed deposit
- Query on managerial remuneration u/s 197 of CA 2013
- Supply to unit situated in SEZ
- Threshold limit of under GST for insurance agent
- GSTR 1- Amend Credit Note
- Updated return filing
- International transfer pricing- -> father entity vs son entity ->WHERE NO mutual say in management
- EXCESS CREDIT REALTED GST REVERSAL
- Export invoice not reported
- CA Articleship Extension Matter
- GST OFFICER WRONG NOTICE
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Composition Dealer GST Annual Return Filing process
- Revision under Section 264 in The Income Tax Act, 1961
- TDS under section 195.
- Filing GST Returns after death of proprietor
- Registered Required in GST Act
Trending Online Classes
-
LIVE Course on GSTR-9 & GSTR-9C (Technical | Practical | Concept - Based)
Sachin Jain03 November 2025
CAclubindia
