Cash gift

tds files (179 Points)

18 February 2019  

Mr.A & Mr.B are Brothers. Mr.A Rs.100,000/- Cash gift to Mrs.B.  Later Mr.B Rs.100,000/- cash Gift to Mrs.A.   Mrs.B Invest that Rs.100,000/-  in Fixed Deposit. Mrs.B Receive interest 5000/- from F.D.

My query is in whose hands that interest is liable for TAX?