Clubbing of income

VIJAY KHANDELWAL (Articleship Trainee) (52 Points)

04 January 2017  
hello everyone,

my query is that if any A give gift of Rs. 5 lakh to his son whose age is 20 year. his son deposit this amount in bank and earn rs. 50,000 as interest.

now the income earned on this gifted amount will be taxable for person A or for his son? will it attract clubbing provision?