If father give cash rs 200000 to his daughter and daughter start properitory business and earned income from the business then income clubbed in the hands of father or not ?
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Gift ?
Replies (3)
If daughter is major then income is not clubbed in the hands of father.
IF THE DAUGHTER IS MINOR THAN THE INCOME WILL BE CALUBBED OTHERWISE NOT.
SEE THE SECTION 64 IN THIS RESPECT .
income will not be clubbed.
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