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regards funds transferred to spouse account

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141 Points Posted on 23 July 2018
I have transferred RS 325000 to my spouse account is this treated. as her income
is it taxable
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On 23 July 2018 at 17:30 Report
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35 Points Posted on 23 July 2018
no its not treated as her income
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On 23 July 2018 at 18:34
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68 Points Posted on 23 July 2018
Since spouse comes under the definition of relative hence it won't be taxable in her hands u/s 56(2)(x). However, if the said amount is invested somewhere which generates income then the same shall be clubbed subject to other provisions of clubbing.
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On 23 July 2018 at 19:02
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141 Points Posted on 23 July 2018
this amount is invested but there is loss in fnO and gain in stcg and aggregate is loss what should done
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On 23 July 2018 at 19:48


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