Section 64 of Income Tax Act, 1961 (Clubbing of Income)

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..... Section 64 of Income Tax Act, 1961 (Clubbing of Income)
Query (Issue) Started By: - Haresh Raithatha Dated:- 12-7-2019 Last Reply Date:- 21-7-2019 Income Tax
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Income Tax
Issu .....

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..... e : Does the provision of clubbing apply In a case where husband gives cash as gift to wife? Reply By Haresh Raithatha: The Reply: Consider FDR as a gift rather than Cash. Reply By Neekita Jindal: .....

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..... The Reply: As per section 64(1)(iv), income of individual is to include income of spouse from assets transferred to the spouse without adequate consideration. hence interest on FDR will be clubbed i .....

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..... n the hands of husband only.
Discussion Forum - Knowledge Sharing .....

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