17 July 2014
If husband gives cash gift by cheque to his wife on gift deed, the interest earned by wife on it will be treated as income of wife or income of husband for income tax calculation.
Ranjan Kumar Malhotra.
17 July 2014
Firstly say what interest u r asking about? Coz one cant' earn interest on cash. if the amount is invested somewhere or the husband has forwarded the money to his wife as a loan then interest element is applicable.
CAclubindia
