Related to clubbing provision of the income tax

Hey,

I dn't think so, clubbing provision vil not attract on the interest income. Actually , the clubbing provision are only attracted to the capital asset which are provided without adequate consideration and not on accurals of the same.. Hence, the interest income which is received by Mrs. X will not attract clubbing prov. and same shall be taxable in her hands.

Regards ,

Bhushan

agree with above