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clubbing of interest income

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22 Points Posted on 20 December 2017
will the interest income from loan given to spouse be clubbed?
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On 20 December 2017 at 17:43 Report
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Finance Professional
6216 Points Posted on 20 December 2017
As per the clubbing provisions, clubbing shall be done for the income from the a asset transferred to the spouse. where loan has been given to spouse, such situations are not covered for the purpose of clubbing.
31 Reply
On 20 December 2017 at 18:47
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Finance Professional
6216 Points Posted on 20 December 2017
Therefore, In the present case no clubbing shall apply.
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On 20 December 2017 at 18:53
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no designation
100 Points Posted on 22 December 2017
Yes, I agree with prajjwal.
The only caution here is that spouse has to repay the loan and interest (Officially) and must have a documentary proof
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On 22 December 2017 at 21:42
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Finance Professional
6216 Points Posted on 22 December 2017

Indeed. @ Vijay Nice Add on. 

31 Reply
On 22 December 2017 at 21:52


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