Wife inherited fixed deposits from mother-in-law
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 September 2014
My mother wants to give her bank fixed deposits amounts invested to her daughter-in-law [ that's my wife ] after my mother's death, through a WILL & no body has any objection towards that.
If my wife receives such amount in future & she invests such money in fixed deposits in her name, will that income be clubbed under my income head or will it be my wife's seperate income? She is a housewife.
Please reply at earliest. Thank you very much.
Regards.
C.Kuumar
If my wife receives such amount in future & she invests such money in fixed deposits in her name, will that income be clubbed under my income head or will it be my wife's seperate income? She is a housewife.
Please reply at earliest. Thank you very much.
Regards.
C.Kuumar
20 September 2014
no. it wont be clubbed.......
Message likes :
1 times
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
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- CSR Impact Assessment
- Sale of Gold ornaments
- Conversion of Pvt Ltd Company to a LLP
- SECTION 194T
- Accounting Policies changes
- GST ON FOREIGN CLIENT
- Can we issue an invoice today
- Forgot to update debit note in gst
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
