Clubbing of income

No,It will not be clubbed as age of the son is 20 years

 

thanks for quick reply... please confirm me that the gift amount of rs. 5 lakh will be taxable income inthe hands of son. or gift us exempt

rs. 5 lakh will be taxable income or not it depends on from where we receive it.
There are 2 cases:
#Case 1: not taxable income:
if received from:
1. parents
2. ascending
3. descending
4. spouses of above
5. relatives
6. through will
7. as reward from Charitable trust

#Case 2: taxable income:
if gifts received in any other way except #above case 1 shall be taxable