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Gift of Rs 4.0L given to wife

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149 Points Joined December 2015
if my wife includes gift amount given by me in her ITR as income from other sources, will clubbing provision still apply?
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On 01 May 2021 at 11:00 Report
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4 Points Joined November 2020
Logically it should not apply. However if the arrangement is such that there is revenue loss to government then assessing officer may attract the clubbing provisions.
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On 01 May 2021 at 11:30
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Chartered Accountant
24588 Points Joined November 2019
Clubbing provision may not apply as the income of your wife will be comes under relative provisions
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On 01 May 2021 at 12:04
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149 Points Joined December 2015

My query is answered. Thank you very much.

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On 01 May 2021 at 12:29
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Chartered Accountant
24588 Points Joined November 2019
Your welcome
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On 02 May 2021 at 05:54

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