Clubbing of spouse income

266 views 1 replies

Sir

Good day to you

Have transferred a sum to my spouse account  five years back and she has invested in mutual funds and earned

Long Term Capital Gain of Rs 1,10,000/- during Fy 2018-19.

While clubbing the above income with mine how it should be treated.

Kindly inform me wheather Rs 10000/ is to be added to my income after claiming 

Rs 100000/ exemption of Long Term Capital gain allowed for this financial year

when I file ITR for myself. I would like to add that I do not have any income

under Long Term Capital Gains for the same financial year

It will be of great help to me if I am answered.

Thanking you

I am

Rajeswaran P

rajeswaranper @ gmail.com

9442235649

Replies (1)
Clubbing provision will not apply when the gifted money is invested in any investment options which are tax exempt by default or who can invest in lower tax options.

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