Menu
clubbing of interest income
will the interest income from loan given to spouse be clubbed?
Replies (4)
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.
Therefore, In the present case no clubbing shall apply.
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
The only caution here is that spouse has to repay the loan and interest (Officially) and must have a documentary proof
Indeed. @ Vijay Nice Add on.
Recent Topics :
- GSTR 9 LATE FEE
- Best Online Mock Test Series for CA Inter January
- COST OF IMPROVEMENT
- Pillows and Mattresses
- GST Applicability for Reg. / Un-Reg. Indian custom
- Amended GST Act & Rules
- FAST DS 2026 MAIL QUERY
- Does Anyone need CA Foundation books of May2026 at
- Last day for ITR-U for AY 2023-2024 (FY 2022-2023)
- Sale of shares in indian company by a non resident
Related Topics :
CAclubindia
