I have transferred RS 325000 to my spouse account is this treated. as her income
is it taxable
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regards funds transferred to spouse account
Replies (3)
no its not treated as her income
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.
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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