banner_ad

Gift of Rs 4.0L given to wife

258 views 4 replies
User Avatar

149 Points Posted on 01 May 2021
if my wife includes gift amount given by me in her ITR as income from other sources, will clubbing provision still apply?
Reply Share Follow
On 01 May 2021 at 11:00 Report
Replies (4)
User Avatar

4 Points Posted on 01 May 2021
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.
Reply
On 01 May 2021 at 11:30
User Avatar

Chartered Accountant
24588 Points Posted on 01 May 2021
Clubbing provision may not apply as the income of your wife will be comes under relative provisions
129 Reply
On 01 May 2021 at 12:04
User Avatar

149 Points Posted on 01 May 2021

My query is answered. Thank you very much.

Reply
On 01 May 2021 at 12:29
User Avatar

Chartered Accountant
24588 Points Posted on 02 May 2021
Your welcome
129 Reply
On 02 May 2021 at 05:54


CCI Pro
Join CAclubindia WhatsApp Finance Community & stay updated with the latest TAX news, compliance alerts and important updates all in one place!

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
16 May 2026
Audit clerk

mgirt & co

Bengaluru

CA Inter

View Details
Company
19 May 2026
Fundraising Expert

MentorsWorld Ventures Private Limited

Ahmedabad

Others

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
ARTICLE ASSISTANT, TRAINEE AND PAID ASSISTANT

YOGESH KAPOOR AND ASSOCIATES

New Delhi

B.Com

View Details
Company
11 May 2026
AUDIT INTERN

M/S K.K.KHANNA AND COMPANY

Noida

CA Foundation

View Details